BitWell Bi-Weekly Report in June（06.06–06.19）
a. Radio Caca (RACA) spot is launched in the innovation zone, and the RACA/USDT trading pair is opened; users who trade RACA/USDT can participate in the sharing of RACA equivalent to 5,000 USDT.
Radio Caca is a Web3.0 infrastructure solutions provider. In July 2021, Radio Caca made it out of the loop with the release of its first Web 3.0 product — a PFP (profile picture style NFT) collection of Maye Musk (Tesla CEO Elon Musk’s mother).
b. Oloid (OLOID) spot is launched in the innovation zone
The idea of Oloid originates from a geometric object consisting of two complete circles. With a single force, the circles begin to push against each other and move forward. The project says that this idea is available as its cryptocurrency, the OLOID token. Holders will be rewarded by the project, which will give them the opportunity to make more investments in order to get more shares from the reward pool.
OLOID is a static USDT reward that is also a community-driven token. Transfers of OLOID do not require any fees, making it easier for investors to freely trade their OLOID and then take advantage of any arbitrage opportunities.
a. In order to further ensure user asset security, the leverage ratio of some token symbols in perpetual contracts have been adjusted. The contract leverage ratio of BTC, ETH, BNB, LTC, and BCH has been adjusted from the original maximum 100 times to the maximum 80 times.
a.On June 11, MetisDAO (METIS) was launched, and participants can share METIS worth 10,000 USDT.
Metis is building a layer2 protocol with embedded governance and management mechanisms to fully support application migration from Web2 to Web3.
In 2021, Metis completed a $1 million seed and angel round of financing, including Ralf P. Gerteis, P1X Capital, Waterdrip Capital, CatcherVC, DFG, Chain Capital, AC Capital, Block.power Combinator, Hotbit, SSSnodes, Crasolum, KernelVentures, Jubi Labs, etc..
b.On June 21st, MixMarvel (MIX) was launched, and participants can share MIX worth 10,000 USDT.
MixMarvel is a content incubation platform and creator community based on blockchain.
MixMarvel has completed $10 million financing, including Hashkey, The Blockchainer, Ultrain, SNZ, Axonomy, VLane Capital, Genesis Group, OGC, ImToken Ventures, Mix Labs and so on.
1.A series of black swan events triggered by market price fluctuations led to liquidity crises and announcements of withdrawal closures by some institutions and platforms, causing panic among users. In this regard, BitWell team indicated that the platform has abundant liquidity reserves of digital assets, so users can deposit and withdraw safely and securely without worry.
Recently, the number of new BitWell user registrations has surged, driving the exchange token WELL to increase by 55% in 24 hours.
a.BitWell Labs has achieved strategic cooperation with KardiaChain to jointly build a Web3 and multi-domain smart contract ecosystem in Southeast Asia.
BitWell Labs will use its financial advantages and cooperation resources to work with KardiaChain on building an economic ecology of multi-game interoperability, as well as providing support in marketing and community operations to jointly promote the development towards GameFi 2.0.
With GameFi 2.0 as the entry point, both parties will explore to break the last barrier of GameFi and Metaverse interoperability, eventually allowing users to interact with their real selves and realize the landing of Metaverse applications.
b.BitWell Labs has achieved strategic cooperation with PlatON to jointly build Web3 infrastructure and on-chain financial products.
BitWell Labs will help the platform access PlatON’s decentralized privacy computing network and ecosystem, strengthen the security and data privacy of the platform’s decentralized on-chain financial products, provide users with a one-stop seamless cross-chain experience, and open up access to the platform’s GameFi, NFT, DeFi and other applications.
a.Follow BitWell and PlatON’s official Twitter feed to participate in an interactive contest where 250 lucky users will share $500 of LAT equivalent!
b.James, the founder of PlatON, visited the BitWell English community to hold an AMA event. Users can participate in the AMA interaction and ask questions to split the $300 rewards.
A special PlatON community quiz was also conducted in the AMA, with the first 50 users to complete the quiz receiving a $10 reward each.
PlatON’s official Twitter account retweeted the AMA event:
c.KardiaChain, CMO of Bobby, visited the BitWell English community to hold an AMA event. Those who participate in the AMA event can split the $500 reward.
The Q&A session is open, and community users actively ask questions:
d.To celebrate the listing of RACA on BitWell, we launched the RACA airdrop event accordingly and interacted on Twitter. 250 lucky users will receive RACA worth $4,000 each, with a total reward of $1 million.
RACA’s official Twitter account also retweeted the campaign, encouraging the community to participate.