- 21Shares has launched a Toncoin-based staking product.
- Avalanche Foundation has launched a community grant program to reward projects and developers.
- NuggetRush has passed an audit by Solidproof to ensure they are safe for investors ahead of launch.
21Shares has recently introduced a Toncoin-based staking product. This will allow its investors to engage and track staking activities. In a bid to support innovation and development within its ecosystem, the Avalanche Foundation has initiated a community grant program.
The program will offer incentives to projects and developers contributing to its growth. Meanwhile, NuggetRush’s smart contracts have been audited by SolidProof as a top DeFi project preparing for launch.
NuggetRush (NUGX) Hits New Milestone Ahead of Launch
NuggetRush (NUGX) is revolutionizing the play-to-earn sector by adding the concept of the metaverse into its gaming experience. Distinct from traditional play-to-earn models, NuggetRush offers a mining game where players can manage mining projects and make profits from them.
Also, NuggetRush has had its smart contracts audited by Solidproof. The aim is to ensure there are no bugs that could affect the game and players’ assets. Away from security, NuggetRush will launch an NFT staking feature.
This feature will allow players to earn up to 20% APY by staking the trending NFTs they collected in the game. This feature elevates the gaming experience and opens new ways for players to earn passive income. Currently, in the final round of its presale, NuggetRush is available at $0.019.
Enjoying a breakout as a top ICO, NuggetRush has sold over 259 million tokens, with less than eight days remaining before its official launch. Analysts are forecasting a 100x surge in the value of NUGX tokens following the launch. Such a potential makes NuggetRush the best crypto investment to join now.
21Shares Unveils Toncoin (TON) Staking ETP
21Shares has launched an ETP centered on Toncoin that will monitor asset price movements and reshuffle earnings into staking. The latest press release revealed that the 21Shares Toncoin Staking ETP is now trading on the SIX Swiss Exchange, carrying the symbol TONN. The firm said this fund will simplify investors’ access to the staking ecosystem.
Per the update on 21Shares’ official website, the product has attracted an investment of $25 million to date. Additionally, it carries an annual fund management fee of 2.5%. Toncoin has reacted positively to the news, skyrocketing 18.6% on the weekly chart.
Also, the DeFi coin price increased by 18.4% and 127.7% on the two-week and monthly timeframes. With Toncoin currently traded at $ 4.06 – $5.60, analysts are forecasting a potential surge to $7.00 soon.
Avalanche (AVAX) Foundation Launches Community Grant Program
The Avalanche Foundation, partnering with Gitcoin, has launched the Avalanche Community Grants Program. This new program is designed to foster innovation within the Avalanche ecosystem by supporting projects and developers. This initiative employs a unique democratic funding approach to ensure projects with more support receive financial aid.
From March 26th, the grant program will begin accepting submissions for its inaugural round of funding. This opportunity is open to both teams and individuals who have previously contributed to the Avalanche ecosystem or have plans to do so.
This partnership comes after Avalanche created an initiative to support top memecoins in the Avalanche ecosystem. In other news, Avalanche crypto is traded at the $52.21 – $58.79 price range with a little uptick of 0.4%.
Conclusion
Security has become paramount in the gaming sector, and NuggetRush is very concerned about investors and their assets. Apart from building its project on Ethereum, it has ensured its smart contacts are audited. This makes NuggetRush the best DeFi project for investors concerned about safety.
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