Category Archive : Reviews

Cryptocurrencies are some of the most sought-after assets in the financial sector attracting billions of dollars in investments every year. Retail and institutional investors are investing a great deal in anticipation of bumper returns from some projects with tremendous potential amid the digital revolution.

As a growing field of investments, cryptocurrencies are also attracting interest from regulators and agencies for tax purposes. Amid the heightened regulation, Koinly is a new service that seeks to make it easy for people to own, manage and report all their cryptocurrency holdings for tax purposes.

The US Internal Revenue Service and other global tax agencies require people to file tax returns from crypto investments. However, very few people are aware that cryptocurrencies are treated as assets and thus subject to capital gains and income in tax.

What is Koinly

Koinly has built the world’s largest and most efficient cryptocurrency tracker. The system is able to automatically track cryptocurrency holdings and transactions across multiple exchange accounts, wallets, and blockchain platforms. It then aggregates the information collated and generates valuable data and reports used in tax filing in various jurisdictions.

If you intend to file crypto tax returns via an accountant, be ready to answer myriad questions, some of which you might not have answers. Additionally, it is a struggle to report crypto taxes via apps like Turbo Tax and Tax ACTK. Koinly has set out to make it easy for people to track and analyze all their cryptocurrency holdings and transactions all from a single platform.

The game changing crypto tracker, offers integration to over 350 exchanges, 90 wallets, and 150 blockchains. Therefore, it is able to collect all the necessary cryptocurrency transaction history needed to compute cryptocurrency tax. It also offers its service sin more than 20 countries.

In addition to collecting cryptocurrency transaction history, Koinly also tracks all realized and unrealized profits and losses, helping supercharge portfolio performance.

Whether you are an investor looking to get an accurate tax report of all your dealings or a business looking to track all the inventory, Koinly will always have everything covered.

Additionally, it is the best crypto portfolio tracker for viewing total holdings and portfolio growth. Some of the key benefits of using Koinly include:

• Ability to see all return on investment in fiat on all crypto holdings
• Provides a detailed overview of all mining, staking, lending, and other crypto-related income
• It makes it easy to see all the profit/loss and capital gains on a crypto portfolio

Thanks to Koinly, people no longer have to go to different crypto exchanges or wallets to collect the much-needed data needed for tax filing. Instead, its automated data import feature can connect all accounts via an API, collecting data on all transactions.

Whether engaged in the margin or futures trading in various exchanges, it can collect all the information used to generate reports used in tax filing. Additionally, it can collect income from multiple platforms, including staking, airdrops, and DeFi income.

Calculating Crypto Tax

Before any crypto tax is filled with the relevant tax agency, i.e., the IRS, it is important to calculate all the crypto totals. In this case, one should calculate the following:

• Capital gains from crypto
• Capital losses from crypto
• Income from crypto
• Expenses related from crypto investments

Generating crypto reports for tax filing

Koinly has partnerships with tax firms in more than 20 countries to help users generate crucial tax reports. It also relies on artificial intelligence technology to track and detect crypto transfers between various wallets while keeping track of original costs. Regardless of country, it can use multiple cost-basis methods to generate crucial crypto tax reports.

Source: Koinly.io

Some of the crucial crypto tax reports it can generate include:

• Capital gains & margins trading summary

While crypto transactions in exchanges come with tons of data, Koinly can summarize them. Its financial year tax report only features specific figures needed for tax returns on summarizing all cryptocurrency taxable gains and losses. It also summarizes crypto income including margin trades, options, and futures.

Source: Koinly.io

• End-of-year valuation report

The End of Year Valuation report details all the crypto holdings at the end of the given financial year. The report makes it easy to see the value of the holdings while also detailing the acquisition costs. Koinly also carries out necessary currency conversion so that the report makes sense depending on the filling country.

• Capital gains disposal report

Koinly works with certified public accounts to tabulate how capital gains and losses affect crypto investments and then detail all in a report. Ultimately, it can provide a detailed description of long-term and short-term disposals. Then, depending on the country of filling, it can summarize capital gains and losses while abiding by the local tax laws.

• Crypto income report

The crypto income report details all the income generated from all crypto holdings, either earned from airdrops, forks, or staking rewards.

It also considers income from various decentralized finance platforms and crypto income transactions.

• Gifts donations and losses report

Depending on the country, crypto gifts, donations, and losses have a way of impacting the final tax that one is required to pay. Therefore, Koinly can capture all these transactions to give an accurate picture of the final tax position. For instance, Crypto gifts may be treated as capital disposals and crypto donations tax-free and lost cryptos capital loss.

Equipped with all the necessary data and reports as detailed above, Koinly generates detailed crypto tax reports in under 20 minutes. Furthermore, once all the tax filing reports are generated, Koinly makes it easy to preview all capital gains and taxes for free.

For people in the US, the crypto tracker can generate Form 8949 or Schedule D, some of the most important IRS tax forms. The platform also supports international tax reports from Canada to the UK, Germany Sweden, among other countries.

How To Report Crypto Taxes

Equipped with all the crypto tax reports generated by Koinly, it should be much easier to provide all the necessary information that the IRS or any other tax agency requires to compute due taxes.

To report all the crypto tax to the IRS, simply

1. Download and fill out Form 8949 indicating all the taxable cryptocurrency transactions

Form 8949 is used to detail any disposals of assets. In this case, one must indicate all the crypto bought and sold during a financial year. In the form, one must indicate the crypto bought, the price, and all the costs involved. In addition, one must indicate the price and the gain or loss incurred if the assets were sold.

The form is split into two parts. The first part details all crypto bought and sold within a short time, less than a year. Short-term investments are taxed at the normal rate. The second part details all cryptos held and disposed of after one year taxed at a much lower rate.

Include all the net capital gains and losses in Form 8949 on Form Schedule D, including all short- and long-term capital gains and losses.

Schedule D is split into three sections. The first section is for detailing short-term capital gains and losses. The second section is for long-term gains and losses, while the third summarizes the two.

2. Fill Schedule 1

Not all crypto investments are viewed as capital gains and losses. All crypto income from airdrops, forks, liquidity pools, or bonuses should be incorporated in Schedule 1 IRS form. For self-employed people operating crypto businesses and have crypto income, a Schedule C form should be filled out

3. Finally, complete form 1040 and attach all the other forms completed

All the completed forms should be attached to the Individual Income Tax Return form 1040 before the deadline date, April 18th, 2023.

Reliable crypto tax reports

With Koinly, your no longer have to worry about absurd tax gains and inaccurate tax reports that can lead to ridiculous tax bills. Instead, the services are backed by tools that help find the tiniest problems.

Koinly is good at:

• Ensuring double entry ledger system whereby every change in asset balance is backed by a similar entry, therefore able to debug issues
• Detecting any missing transactions due to incorrectly imported data that could cause balances to go to zero
• Importing all the relevant data automatically by checking all the wallets, exchanges, and blockchains via API
• Skipping duplicate transactions, therefore, no need to keep track of data already imported

In the end, the crypto tracker can generate reliable cryptocurrency tax reports such as form 8949 and Schedule D for US crypto investors. It can also generate international tax reports for people in Canada, the UK, and Germany, among other countries.

Koinly pricing

While Koinly tax filing services are available at a fee, it is one of the most affordable in the market. However, its plans depend on the number of transactions it has to process to generate the relevant crypto tax reports.

Source: Koinly.io

For newbies in the crypto market with less than 100 transactions to process the $ 49-a-year tax plan is more than sufficient. The plan offers tax reports in addition to portfolio tracking capabilities

Cryptocurrency Holders of more than 1000 transactions can subscribe to the $99 a-year plan, while traders handling more than 3,000 transactions can subscribe to the $179 plan.

Read more: What Your Non-Profit Needs To Know About Cryptocurrency Donations

Why Koinly for Crypto tax filling

Filing out all the documents as part of the tax filing process can be complex and draining. However, that should not be the case, with Koinly a click away. First, you must import all your crypto transaction history from various wallets, exchanges, and blockchains into API or CSV files.

From there, Koinly calculates all capital gains, losses, income, and expenses. Once everything is done, you only need to open the tax report page on your Koinly account to find the final summary.

Koinly can prepare Form 8949 and Schedule D with all the capital gain losses. It also generates a Schedule 1 form via its Complete Tax Report.

Frequently Asked Questions

How are cryptocurrencies taxed?

In many jurisdictions where cryptocurrencies are taxed, they are viewed as property. Therefore, they are subject to income tax or capital gain tax. The amount of tax one pays depend on the transactions made and whether they resulted in gains or losses. For instance, anytime someone disposes of a cryptocurrency, they must pay capital gain tax on any profits generated from the transaction. There is also a tax on all income generated from cryptocurrency holdings. In the US there is no specific capital gain tax rate on cryptocurrency as it all depends on how long the asset has been held.

Do I have to file taxes if I make losses on cryptocurrency trading?

Cryptocurrency taxes are filed on both losses and gains. Therefore, it does not matter whether one incurred a loss or gain while selling a digital currency. However, reporting losses on cryptocurrency transactions significantly reduces the amount of crypto taxes due in the final compilation.

Can I Avoid paying taxes on cryptocurrencies?

No. It is extremely difficult to avoid paying taxes on cryptocurrency transactions in the US. The internal Revenue Service monitors transactions on exchanges, wallets, and blockchains, making it mandatory to file returns. Every time there is a crypto transfer or a trade, there is a paper trail left behind that the tax authorities use to calculate taxes due.

Are crypto-to-crypto transactions taxed?

Yes, such transactions are due for taxation as they involve the exchange of assets with different values. For instance, if you were to exchange Ethereum for Solana, the tax agency would treat it as a sale of Ethereum at the market price of Solana.

Nevertheless, there is no tax due on transferring cryptocurrency from one wallet to another as long as they belong to the same person. The only thing one must do is keep track of the costs incurred in transferring the coins, as it will be factored into the tabulation.

Can Koinly help in filing the crypto tax?

Yes, Koinly is the go-to platform for anyone looking to enjoy a seamless crypto tax filing process. The crypto tracker collates all the crypto transaction history from wallets, exchanges, and blockchains and computes all the realized and unrealized capital gains and losses. In return, it provides detailed crypto reports that can be filled with the relevant tax agency for tax filing purposes.

Read more: The Fundamentals of Cryptocurrency Trading

More victims of crypto scams are turning to Coin Return Group for help in recovering their stolen funds. At the Coin Return Group offices the pressure is always present to act quickly. That’s because the professional team at Coin Return Group often has a narrow window to recover coin losses and it gets smaller and smaller by the day.

“We are always working against the clock and against these scammers movements so we can try to recover as many funds for our clients before they are gone forever”, said Martin Hughes, co-founder of the Coin Return Group. The team has had to increase staff and hours to accommodate all the calls from victims of a new kind of online crypto investment scam that is plaguing the nation.

The Coin Return Group reviews many cases where victims sent money repeatedly to a scam company and were then shown statements of returns that weren’t real. Then when the victim tries to withdraw the funds they are hit with multiple fees and other requests from the scammers. Often victims are left with nothing and may even be in debt to others once the scam is revealed. Over the past two years the team at CRG has seen a huge surge in these cases and the majority of their professional team is now dedicated to the recovery of the stolen funds. 

“Our team is now available all day Monday through Friday to assist people with recovering their funds from these malicious investment schemes. It can be tough but luckily we are fighting back and in many cases actually winning for our clients”. The Coin Return Group partners with people who have a qualifying case for recovery. They review dozens of cases per week and partner with the most promising ones. They also earn a fee from the successful recovery so these partnerships and the results they produce benefit both parties involved. 

The professionals who work at CRG have a surprising mix of backgrounds ranging from cyber investigators to blockchain experts to legal representatives. This unique mix makes them suitable for the unique needs of modern day crypto recovery. Their approach focuses on targeting the exchanges used by the scammers to swap coins into cash. By focusing on these weak points in the scammers chain rather than the scammer wallets themselves, they have been able to recover a substantial amount of funds quickly for clients who have been wronged. 

The Coin Return Group reviews new cases daily so if you find yourself in this situation then its best to reach out as soon as possible. The longer one delays after being scammed the harder it is to get a full recovery of their funds. The CRG team offers free case evaluations to first time clients to see if they can still recover their funds or not. They just need some basic information to look into the transactions and see if their proven process can work for you.  

To see if the Coin Return Group can help you with your case and to claim your free case evaluation visit them online at https://coinreturngroup.com/fightback  

Liquidity injection protocol is a service that lets user’s trade cryptocurrencies with other users by essentially putting their tokens in an exchange and making them available to others who need the same assets. bbtftoken.com is one such website that provides this functionality.

The site aims to provide consumers with a simple method to purchase and sell cryptocurrencies. Their staff is made up of professionals with extensive experience in the sector of cryptocurrency and blockchain. This article will provide complete information about blockbusters: A defi software development company.

The goal of bbtftoken.com:

The website enables users to tokenize the web2 using web3 technologies. Users may buy their tokens through the website’s user-friendly interface. This website has various tools to allow consumers to engage with blockchain. They provide a solution for organizations looking to raise funds and move assets to the blockchain.

It raises the bar for subsequent liquidity injection procedures by allowing firms to use a liquid and secure platform. The main aim of bbtftoken.com is to create an excellent system that helps in the development of blockchain technology growth. Bbtftoken is a new web-based software that allows organizations to buy and sell tokens.

Blockbusters token protocol:

The BlockBusters token protocol is a set of open-source smart contracts that enables the creation of ERC20 tokens. The protocol provides a basic framework for token creation and management. It is designed to be extensible so that it can be used to create various types of tokens.

The protocol is based on the Ethereum blockchain and is compatible with any ERC20 token. The protocol provides several features that make it an attractive option for token creation.

• It is an open-source protocol, and everyone has the opportunity to participate.
• The protocol has a wide range of features that can create different types of tokens.
• The protocol is flexible and can be customized to meet the needs of different organizations.
• The protocol is secure and has been audited by several security experts.

The BlockBusters token protocol is a valuable tool for organizations that want to create their tokens. The protocol provides a simple and efficient way to create and manage tokens.

What is the way to buy tokens from a blockbuster?

The way to buy tokens from a blockbuster is simple. All you need is an account on the site and some cryptocurrency to trade with. You can then buy and sell tokens with other users on the site. BlockBusters also offers a liquidity injection protocol service that allows users to trade cryptocurrencies with other users by putting their tokens in an exchange and making them available to others who need the same assets. This can be an excellent way to get rid of unwanted tokens or acquire new ones.

Why blockbuster is essential for cryptocurrency and blockchain?

It has an excellent rewards mechanism that gives out passive rewards via various means. If you want to buy services and goods on the website, you can do this with the help of tokens. Users do not have to do anything to earn money; instead, the system is designed so that it may produce a passive income stream for them.

• They offer nine% on every purchase as reflecting coins, equal to the eight reflecting tokens.
• Every sale earns you six percent of the total amount of reflective tokens.
• 2% liquidity injections may be provided through the contract procedure by using them.

Conclusion:

BlockBusters is a software development company specializing in developing decentralized applications (DApps) for the financial sector. It is one of the few companies worldwide that offer such services. The company’s vision is to provide users with a simple and convenient way to access financial services. We recommend using their services in the future.

Play-to-Earn (P2E) games generated an estimated $2.5 billion in the capital in the first quarter of 2022, and it is expected to surpass $10 billion by the end of the year, according to recent reports from dAppRadar and the Blockchain Game Alliance (BGA). This exponential increase in blockchain gaming investment has attracted many developers and companies to buildtheir own blockchain-based games.

However, the great majority of Blockchain games that are now available or being developed are either insubstantial auto-play simulators or lackmeaningful playability. Therefore, it is no surprise that their gaming communities, token holders, and investors may disappear within months of the game launch, leaving the project dead and the investments worthless. This is a problem for the long-term adoption of blockchain games. Whileintegrating blockchain functionalities is essential, long-term adoption can only be achieved if developers and game companies focus more on developing a fantastic game thanon integrating blockchain functionalities.

Raven Quest is an innovative GameFi project that focuses ondeveloping blockchain-based MMORPG for long-term blockchain adoption by the gaming communities while incentivizing its players through the Play-to-Earn model.

What isRaven Quest?

Raven Quest is a play-to-earn MMORPG built on the polygon blockchain that provides a decentralized open-world gaming environment where users may claim a piece of land and establish their own home and farm. It is the first blockchain game that is free to play, and it has substantially greater playability than other well-known blockchain games, which require players to purchase an NFT or some other cryptocurrency to enter or access the game.

Raven Quest enables players to collect resources as NFTs, which can then be combined to create powerful weapons and traded on NFT marketplaces. Additionally, users may collect Ravencards to create customized NFT gaming characters.

Raven Quest’s open nature enables players to do as they like in a genuinely immersive and dynamic evolving environment full of stories, puzzles, player decisions, and a robust player-driven economy powered by self-balancing algorithms.

Raven Quest’s Tokenomics

The tokenomics of any GameFi project is an integral factor foritslong-term success,especially if it’s an MMORPG.Raven Quest has a single tokenomics and a community-driven economy that uses its innovative self-balancing algorithms called the Tradepack system.

$SBT Token:

Raven Quest incentivizes its players using the Sunbreak Tokens ($SBT) cryptocurrency tokens. The in-game currency is gold coins that can be traded for Sunbreak Tokens ($SBT) on their marketplace.

The quantity of $SBT you can create every day in RavenQuest is determined by the activities you and the community engage in the open world and how much passive income you can generate during that period.

There is no set exchange rate between Gold and $SBT because RavenQuest is aware of the ongoing inflation. Instead, the game gives a predetermined daily prize fund of $SBT that is regularly divided among all players who have completed activities and created Gold during the game playing time.

$SBT may also be exchanged for real-world cash or used to boost Gold earnings potential by acquiring or upgrading Estates, Mounts, Ships & Wagons, Workers, Ravencards, or other in-game items.

The Takeaway – Raven Quest ReleaseDate

Raven Quest will release in the third or fourth quarter of 2022. The game has been developing for the last five years and already has a vast online community.

Here is the complete roadmap for Raven Quest:

Cryptostakers.io has grown to become the most successful and largest cryptocurrency investment website. This was just meant to be a review, all we wanted to do was find out if Cryptostakers.io works, and we earned so much profit during the test. It was amazing. We know our audience is anxious to know what we found out while testing the features of Cryptostakers.io

How Reliable is Cryptostakers.io?

On a scale of 10, we can confidently state that Cryptostakers.io is 10/10 regarding reliability and the potential of earning a profit after investing. We arrived at this conclusion based on the results of our tests. One thing that stands out regarding the auto trading robot is that it is so easy to use.

The cryptocurrency market is always packed with traders who want to sell off or buy cryptocurrency. The veterans in the market attribute the intense market activities to the acceptance of cryptocurrency by so many big brands in the retail and manufacturing sector

Check out: How To Choose A Cryptocurrency Exchange In 2022?

Vocos is a Latin word that means “to invite and come together. It is a decentralized cryptocurrency that aims to digitalize physical land records by using blockchain technology and aims that it should be accessible to everyone in the world. It also wants to bring transformation and innovation in the future. Vocos token can transform your investments into a business. It adds to seek value and wants to be beneficial for its holders all around the world. It will end up building tech valley which is promised.

 Why Choose Vocos Token?

It will be a good option for you due to many reasons which define this valuable token. Which includes;

• This token has around 1900 holders even before its launch on CMC it means a lot.
• It’s a new token and expectedly its price will reach from $10 to 100 in 2022. It is recommended to invest in it because its price can reach up to $100 next month.
• It welcomes you if you care about your holders. It will help you get a better image in front of your holders.
• It cannot promise you about a complete salary but yes its devs paid well in Vocos world.
• If you work in it you can request holidays and parental leaves at any time.
• You can work from anywhere if you are connected with this decentralized platform.

Other than this it also welcomes pros to help them present better things in front of people. If you have expertise that can help Vocos token grows then apply for it without any hesitation.

 Vocos Token Projects

Currently, Vocos is working on great projects using green tech. Green technology or clean technology is kind of an application for one or more than one of green chemistry or environmental science. Its ultimate aim is to prevent the environment from pollution and produce machinery that should be environmentally friendly. It aims to conserve natural environment. It prevents the negative impact of humans on the environment. This token is also working on projects that include;

• BlockChain

Vocos is working through BlockChain technology and invites customers to get the advantage from it’s technological features and this technology helps its holders get their payments on time and many more features.

• Tech magazine

Tech magazines on Vocos will inform you about its pricing and helps you get more information about crypto world. Vocos also include this project to enable its holders to be tuned about their token and help them in trading in crypto.

• Online trading (e-commerce)

This token is also helpful for online traders. It can help them make online transactions easily and effectively. Many traders choose cryptocurrencies to make their payments or receive from anyone. This token can also help them make it easy and effective payments in no time.

• Freelancing

Vocos token is also beneficial for freelancers who sell or buy services online. This makes it easy for them to make frequent transactions and sell or buy their services.

These projects can help its users learn digital ways of earning money and enable them to earn a reasonable amount weekly or monthly. This can also help la you become an entrepreneur or launch your products using different platforms. Although Vocos token is new become very popular in no time because of its positive aim to be beneficial for its holders.

Bottom Lines

Vocos is a new cryptocurrency that is top-rated in the crypto world at the moment. It is gaining popularity due to the above-mentioned features and due to the projects, it is working on. Its price is expected to reach $100 next month which is a sign of its rapidly growing value in the crypto world. You can invest in it and more expectedly it will help you achieve your financial goals.

Read more: What is a Crypto Token? A detail Overview

Winox strives to create an open crypto ecosystem wherein users can derive great utility from the Winox token through play-to-earn games, staking, or simply “hodling” the token. The ICO of the project is all set to launch, giving investors the perfect investment opportunity.

After observing the crypto world for years, the Winox team has developed crypto products offering investors what they want. Winox’s five core members established the software company SUUSOFT in 2017, expanded into a company of twenty skilled professionals and part-time engineers by 2020, and have been growing ever since. Winox’s team endeavors to create high-quality blockchain and crypto products solutions to serve the crypto community. Here’s everything you need to know about Winox, whose ICO is just around the corner.

Use Winox Earn Crypto!

The Winox ecosystem’s Winox Token is a BEP-20 utility token with a total supply of 500 million Winox. The Winox cryptocurrency empowers its holders and offers several incentives and rewards.

The Winox token helps users earn rewards by:

• Staking the Winox Token: Users can stake the Winox token to earn regular rewards.
• Exchanging or Interacting with the Winox token: Holders of the Winox token will earn incentives by participating in content and projects generated by the Winox community.
• Participating in various P2E (Play To Earn) games on the Winox platform: One can also play their favorite games and get to earn cryptocurrency in return.

Utilities for Winox Token Holders – How it Works

Winox’s mission is to build a utility ecosystem for Winox token holders and progressively introduce it to real-life proportions. The Winox store application currently provides the following utilities:

• Free Membership of the Clytie Shop App.
• Buying, Selling, Exchanging, and Upgrading NFTs on its NFT marketplace.
• Fee payments for exchanging and staking Winox on the exchange.

The Winox token for NFT games and NFT markets aims to increase value, creating a sustained, robust, ever-evolving ecosystem.

Winox is committed to building a one-of-a-kind utility token with a wide range of characteristics that can be owned and smartly utilized by everyone. With the tagline “Use Winox Earn Crypto,” the platform established the Winox token.

The Winox token is designed to provide rewards with play-to-earn games in terms of utility and rewards and simultaneously concentrates on the present and emerging NFT industry.

Winox Has Two Primary Goals

The objective of Winox Token is to provide creative and innovative approaches to match the incentives among players and developers. The Winox token is intended to achieve two key goals:

1. Rewards and More Rewards: To encourage gamers to engage with Winox while incentivizing users to keep their tokens for further benefits.
2. Community Treasury: Complete Decentralization of Winox in the future with the operational community treasury.

Winox does not keep all of its revenues; instead, it distributes them to the community through its Community Treasury. The Winox Community Treasury will collect funds from a multitude of different sources, including 4% each from the Clytie Shop, Winox NFT marketplace, the Winox C-World game, and a portion of the breeding fee and Winox’s staking incentives.

The community treasury will grow with portions from land sales, tournaments, licensing, and more. Once the ecosystem has grown fully decentralized, Winox stakers will ultimately govern the treasury.

Final Words

Winox is among the most anticipated platforms in the crypto world, with its distinctive features of the Winox community treasury and Winox token and a robust incentive system via staking and play-to-earn games. Winox’s objective is to provide excellent and innovative consulting and development services for information technology projects in various industries making Winox’s blockchain platform a crown jewel. Winox delivers a robust ecosystem for buying, selling, and trading NFTs, along with its Winox Clytie shop application for a blockchain platform that is cutting-edge, secure, and user-friendly. And with its ICO around the corner, it’s the perfect opportunity for crypto enthusiasts to get involved with the project and reap incredible returns in the forthcoming future.

Originally published on Digitallycool.com

A library for all crypto-related games.

Gamers, this is an exciting era, especially as we are growing daily in the crypto scene and are being built everywhere, so the time is now, to bring them all to one place.

The product of a group of developers passion for playing games and generating wealth in the cryptocurrency space. The team’s goal for Arcade is to become the leader in the Game-Fi industry by bridging gamers and developers around the world, providing them thé platform to share each other’s experiences and creations, all while improving the Arcade ecosystem.
Launching the platform for developers to create their own games using Arcade’s Api built for them, will give the developers the opportunity to create anything they want through Arcade.

The founding principle of Fair to Play gaming.

The Arcade team firmly believes that gaming should be enjoyable and accessible to everyone, without the need to spend additional funding just to be on equal footing with higher-paying players.
In essence, Arcade will always strive to provide a platform where players compete on an equal level playing field, giving each participant equal opportunities to participate.

Arcades’ first flagship game is currently in development, which is aimed to be released in the first quarter of 2022. The game takes inspiration from the loved, retro games we all played in our youth, with the Arcade dog as the protagonist.
Our hero will progress through a personal adventure, created by their love for gaming, and encounter fun power-ups and unique monsters. More details about the game will be released as the game launch date draws closer. Here’s a little sneak peak!

First game “Farm Mode”

Arcade is building their first game called “Farm Mode”, where you can stake (your converted ArcadeTokens to Starshard) and start taking care of your precious plants and upgrade your character, together with a “Story Mode”.

They are also creating other multiple games on the Arcade platform, which are still under wraps.

In addition, the team also plans to onboard more and more play-to-earn games into the Arcade ecosystem. An NFT Marketplace is also currently in development, where people can buy and sell NFT in-game items related to the Arcade Universe.

Community: https://t.me/ArcTokenChat

Chinese Community: https://t.me/ArcadeChina

Announcements Channel: https://t.me/ARCTokenAnn

Twitter: https://twitter.com/_ArcadeToken

Website: https://arcadetoken.finance

Anyone reading this is lucky enough to catch the next gem in the crypto sphere in its early stages. If many of us could go back in time, we would jump right into the Bitcoin bandwagon, no questions asked. Here is your chance to catch the next Bitcoin early on its initial tracks.

It’s no secret that the world has changed a lot within the last decade, more than several decades before combined. There is no arguing that much of this evolution is attributed to new technologies, particularly Blockchain.

That is not to say that AI, IoT, AR, and VR have not played a significant role in transforming our world into its digital version. We are simply acknowledging that Blockchain is right at the forefront of the 4^th industrial revolution. It holds the digital world together and provides the security we need to build trust in this digital world.

In this article, we will talk about an exciting Crypto project that could potentially change the world of finance as we know it. Let’s dive right in.

LALA Land

1. What is LALA LAND?

Simply put, LALA Land is a Blockchain platform that combines NFTs, Gaming (Metaverse), and DeFi. It is combining these three fields by creating a DeFi solution, an NFT marketplace, and a game for NFTs. All of these are not just global and very relevant but they are quite timely.

Whether you are a digital creator, a seller, a buyer, a gamer, or just a digital investor LALA land has got you covered. For the creators, buyers, and sellers, the NFT marketplace is the perfect place to be. The DeFi tools help enthusiasts and investors to make the most of the digital space. And lastly, the gaming structure allows players and other game lovers to earn from what they enjoy the most.

The above functions can best be summarized as follows:

• An independent and open NFT ecosystem for users to get familiar with the Blockchain and the DeFi space
• An NFT marketplace, allows NFT enthusiasts to engage in the full NFT lifecycle, allowing anyone to issue NFTs, participate in marketplace auctions, and trade NFTs
• An NFT ecosystem that allows users to participate in NFT games.

2. Why was it created?

LALA Land was birthed to create a more favorable, more consistent, and healthier NFT environment. The team had a goal to develop an NFT ecosystem based on Binance Smart Chain; this not only increases scalability and reliability but also minimizes the gas fees.

Thanks to the recent increase in the number of projects, use cases, and applications on the Binance Smart Chain, LALA is guaranteed popularity. The project team strongly believes that its community holds the potential to solve a manifold of the world’s problems. With proper tools, communities can come together, take matters into their own hands and tackle their issues more effectively.

• Vision – LALA’s vision is to create the number one ecosystem for DeFi, NFT games, and valuable NFT Assets. The team is utilizing innovation, advanced technology, and a high level of team expertise to create a highly successful NFT ecosystem. They want to be at the forefront of the next level in NFT transformation.
• Mission – LALA is aimed at becoming the ‘internet’ of the NFT space by bridging DeFi, the NFT marketplace, and the gaming world.

3. LALA Land Ecosystem

The LALA land ecosystem aims to maximize the value of NFTs, Gaming, and the Metaverse. The ultimate target is to give token holders the authority to vote, explore, and enjoy different features in the LALA ecosystem.

The goals can best be broken down as follows:

• Building a global and decentralized community where the gaming model is a play-to-earn system that allows players to play competitively to earn in-game rewards
• Reserve high yielding assets such as crypto, NFTs, and in-game assets
• Allow the community to participate in different project developments based on voting
• Coordinating with gamers, the community, and developers to work on Metaverse games and to mint NFTs.

4. What makes up the LALA Ecosystem?

Generally, the LALA Land ecosystem is comprised of DeFi (Decentralized Finance), Gaming and Gamblingas well as Metaverse (NFT). This section is going to be giving a detailed account of each category:

• DeFi

The LALA Land DeFi structure is designed to give holders yields to earn LALA tokens by staking LP tokens. LALA land yields APR is calculated using LP rewards APR earned through providing liquidity and also by staking LP tokens.

The team also intends to have a Decentralized exchange that will allow users to trade in-game items. They are also working on lending platforms that will allow users to take out loans on their virtual land.

In summary, the DeFi feature on the LALA land ecosystem will accord users with the following privileges.

• Trading and swapping tokens on the DeFi Swap function
• High-yield vaults that rely on aggregation strategies
• Staking and farming to receive rewards in LALA tokens during the minting period and the LALA-BNB liquidity pools
• Lending and borrowing functionality to earn high-yields and magnify returns by leveraging on lender funds
• LALA land gives you access to the best NFT projects and DeFi projects in the industry to help raise funds to launch genuine and innovative projects.

• Gaming

LALA Land users and holders can play single-player and multiplayer games on the LALA land ecosystem. The ecosystem is directly connected to the players’ wallets, making instant reward payments. This is to say that winners get rewards directly delivered to their wallets.

All these games can be played from the BSC wallet browser and players can use the LALA tokens to participate (we’ll talk about that in a bit). The team is currently working on 2 single-player games. Soon the team will launch multiplayer online games which will allow multiple users to connect and play.

The LALA token supply is designed to offer a satisfactory value of rewards. Every individual involved with LALA tokens, NFT’s and other in-game rewards can earn rewards by:

1. Registering and referring users to the LALA Land ecosystem
2. Playing games

• Holding NFTs

1. Participating in voting and governance

• Metaverse

The Metaverse on LALA land is a next-generation triple-A sandbox experience built from the base of the LALA land foundation and ecosystem. By holding LALA tokens, you will get a chance to buy shares in the streets of Metaverse. That means you will be able to buy land, buildings and manage your NFTs properties.

In the LALA Land City, you will be able to find the NFT drops and rewards that are the competition. After beating the opponent, you will get to choose to either recruit him as your NFT or kill/destroy the NFT and no one will ever be able to obtain it again. If you are lucky enough you can manage to get something really special and rare. Every NFT will become harder to obtain overtime, there will be only a limited supply of NFTs. By that time, they will become even rarer as most of them will be captured.

The LALA Token

Name: LALA Land

Symbol: LALA

Protocol: BEP20

Decimal: 5

Initial Supply: 300,000,000 LALA

Burn Mechanics: Tokens will be burnt for keeping the supply of 300M

As its name suggests, LALA Token is the native token on the LALA platform. It acts as a utility token on the platform. It is designed to play an essential role in the functionality of the ecosystem. It is built to give access to participants on the LALA platform and allow them to issue NFTs sell-play games and so a lot more on the platforms.

It will also act as a means to facilitate economic incentives to all LALA token holders, which is important in the contribution and maintenance of the LALA platform and the entire ecosystem.

Figure: Token money (Source TechRadar)

Each member of the ecosystem, therefore, gets benefits based on the corresponding amount of LALA tokens they hold. If LALA token is absent, they are exempted from gaining such incentives and cannot participate in different activities on the Platform or provide services to the ecosystem. There would be many additional rewards to users based on the actual involvement and contribution to the entire ecosystem and the LALA platform.

With the LALA token, new projects can be promoted and sold on the LALA platform. For this to be possible, the new projects must meet the required standards in terms of projects quality, the authenticity of the project and team, and financial requirements. Also, the project purchases a certain amount of LALA token and locks 50% of it for 1 year and 50% burn. This amount would be determined by the voting decision of the community. If there is a breach in the contract by the project, the locked token would be distributed back to holders participating in the project.

Since the LALA token is a utility token, it would have the following use cases:

1. Governance

The LALA token would give token holders the right to vote on the different parameters and projects on the ecosystem. This is in a bid to achieve our ultimate goal of making the community the exclusive decision engine of the ecosystem. The functions of token holders would include voting rights for:

• Initiatives on the ecosystem
• Development of new functions
• Liquidity pool rewards distribution
• Gaming rules
• And other applications

To have the governing right token holders need to hold a certain amount of LALA tokens to gain such voting rights.

2. NFT marketplace

The NFT marketplace is a complete suite that allows token holders to have access to all the functionalities of NFTs. With the LALA token, users can carry out

• NFT mining for gaming
• Staking of LALA token
• Participate in NFT auctions
• Trade NFTs
• Buy NFTs

3. Decentralized Finance; DeFi

What makes LALA Land a Great project?

Blockchain has completely revolutionized the Financial industry; from DeFi applications to NFTs, to Cryptocurrencies. Other than the financial industry, Blockchain has impacted so many other industries. Here is why LALA the Land Blockchain project holds such great potential.

• NFTs

Today we are seeing NFTs making the headlines daily and creating overnight millionaires thus gaining more recognition. They are becoming the latest investment trend crowned by digital assets and gaming assets.

• DeFi

Similarly, DeFi has also taken the world of Cryptocurrency by storm; exhibiting extreme growth. Its value today exceeds $100 billion yet it continues to skyrocket. Even with this tremendous growth, DeFi remains an attractive trend with a lot of room for innovation.

• The gaming Industry/Market

Trust and popularity in the old gaming model where only big influencers earnmoney are decreasing. The fairness, transparency, and much more opportunitiesare the signature features of Blockchain technology, it may provide an excellentsolution to the challenges of online gaming and with the NFTs, it is like leveragetrading. Blockchain itself is a large and rapidly growing industry. The future is the play2earn model where anybody can benefit from playing the game thanks to Blockchain. Blockchain allows for skill monetization through currencies and digital assets with open market dynamics.

• Combining NFT, gaming, and DeFi

Game monetization models are exhausted and Blockchain technology together with NFTs and DeFi features will bring new wind, infinite possibilities, and much higher engagement to the digital world. There is a clear change from the free2play model where there are very low monetization possibilities.

Combining NFT, Gaming, and DeFi initiates great growth potential and a new horizon for cryptocurrency. Both NFT and DeFi create astonishing innovations with an enormous promise of democratization, new business models, and global markets with a global approach, which is all driven by the basic premise of decentralization. The integration of NFTs and DeFi opens up new horizons and potentially strong growth for Cryptocurrencies. The NFT movement is the resolving power of the DeFi movement, along with the ability to provide platforms and means of transactions for all tokens. Presently, most NFTs are more of digital artworks; the opportunities NFT pose to today’s community are unending and yet untapped to the fullest.