Day: February 10, 2021

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Shifting into ‘Lite’speed: DeFiChain Launches Litecoin Liquidity Mining

Bitcoin Press Release: DeFiChain and Litecoin Foundation strike an agreement to offer Liquidity Mining for the popular cryptocurrency on the DeFiChain platform. DeFiChain users can earn up to two DFI per LTC block mined using the DeFiChain desktop application.

 

11th February 2021, Singapore: DeFiChain, the world’s leading blockchain on the Bitcoin network devoted to decentralised monetary applications, has today announced that Liquidity Mining with full rewards will be available with LTC on the DeFiChain platform. Following a successful one-week testing period, the Liquidity Mining program on DeFiChain will award two DFI coins — DeFiChain’s native digital currency — for every block mined.

 

By adding Liquidity Mining capabilities for LTC, one of the most popular cryptocurrencies in the world, the platform highlights its commitment to delivering more opportunities, options and diversity for its users, and adds to the existing suite of benefits provided to its users.

 

“Litecoin is one of the most popular and widely used cryptocurrencies in the world, and we are delighted to be partnering with them to offer Liquidity Mining for Litecoin on DeFiChain. Liquidity Mining on DeFiChain allows market making to be done in a fair and transparent manner” 

 

Said Julian Hosp, Chairman of DeFiChain. He continued:

 

“In order for it to be used by such a vast community, it has to be highly liquid and available in multiple markets. The integration and availability of LTC on the DeFiChain platform gives users another option, thereby empowering holders of the cryptocurrency to provide measurable, beneficial liquidity and earn rewards in return.” 

 

DeFiChain’s DEX (decentralised exchange) offers fast transaction speeds, low fees, low transaction fees, high security, and a fully decentralised trading environment. On DeFiChain, a gamut of Litecoin holders can utilise their holdings and computing resources to provide liquidity and earn sizable returns in the process.

 

Jay Milla from Litecoin Foundation said: 

 

“This marks the beginning of a new era for LTC, being available on one of the world’s fastest growing decentralised platforms. DeFiChain’s mission, to provide fast, intelligent and transparent financial services is aligned to our own. Throughout the years, Litecoin has continued to grow to become an industry leader, as one of the oldest and most widely utilized and traded cryptocurrencies. It continues to maintain its position within the top cryptocurrencies ranked by market capitalisation.”

 

DeFiChain, one of the leading blockchains built upon the Bitcoin’s network infrastructure, which democratises market making and liquidity provisions by empowering its rapidly growing community. With this partnership, traders and investors, both retail and institutional, will be able to earn rewards based on the actual, measurable liquidity they create for Litecoin, which in this case, equates to two DFI per block mined. 

 

To access LTC-DFI Liquidity Mining pools on DeFiChain, simply download the DeFiChain desktop app from https://defichain.com/downloads/, deposit DFI to the DEX to swap part of it for LTC, then select “Liquidity” from the menu on the left-hand side and the “+” symbol under “Add or remove liquidity” to select the amount to add. It couldn’t be easier. 

 

About DeFiChain

DeFiChain is a blockchain platform dedicated to enable fast, intelligent, and transparent decentralized financial services. The DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem. Unlike most of the other DeFi projects that are built on the Ethereum network, DeFiChain is built on Bitcoin (as a software fork), and leverages Bitcoin’s security by anchoring to the bitcoin blockchain (via Merkle root) every few minutes.

 

By dedicating the functionality of a blockchain specifically to decentralized finance, DeFiChain is able to provide high transaction throughput, reduced risk of errors, and intelligent feature development.

 

Visit https://defichain.com for full information including roadmap and upcoming features.

 

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About Litecoin Foundation

The Litecoin Foundation is a non-profit organization whose mission is to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies. Litecoin is a peer-to-peer digital currency that enables instant, near-zero cost payments to anyone in the world. The Litecoin Foundation Ltd. is headquartered in Singapore (registered UEN# 201709179W) with an active team contributing from around the globe. 

 

For more information, visit litecoin-foundation.org.

 

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DeFiChain is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Sportsbet.io Launches Exclusive 360° Cryptocurrency Backed VR Video Experience to Redefine Home Sports Entertainment

Sportsbet VR

Bitcoin Press Release: Sportsbet.io and Southampton FC redefine home sports entertainment with 360° Videos using cutting edge VR Technology.

 

10th February 2021, Tallinn, Estonia: As part of their club partnerships with Southampton FC, cryptocurrency sportsbook Sportsbet.io have created a new VIP experience that uses virtual reality (VR) technology to recreate the magic of matchday, at home. Viewers can now watch full 360° videos of exclusive football content straight from their mobile devices, as a part of the innovative new initiative. 

 

Redefining VR with Cryptocurrency

The creative concept aims to leverage Sportsbet.io’s matchday rights with the Saints to engage football fans, and educate them about cryptocurrency. As part of the initiative, participating influencers are provided with a Bitcoin value which they can use to create their own unique VIP experience, like a stadium tour with a club legend or a front-row seat at the training ground.

 

Sportsbet.io are using their football partnerships to redefine the fan experience by combining cutting-edge technology with their cryptocurrency expertise, delivering exclusive experiences that reward Southampton’s large global fanbase and Sportsbet.io customers. The initiative is a demonstration of Sportsbet.io’s constant drive to innovate and the sportsbook believes that the role of cryptocurrency in sport is only going to increase.

 

The first Virtual Reality experience was delivered in December 2020 ahead of Southampton FC’s home fixture against Manchester City, and featured a tour of St Mary’s stadium with Saints legends Franny Benali and Matthew Le Tisser, as well as a penalty masterclass with Le Tissier. More activity is due throughout 2021, with the potential to further expand the experiences on offer across their club sponsorships.

 

Tim Heath, Founder of the Coingaming Group, stated: 

 

“We think cryptocurrency has a big future in football and we’re right behind it. Alongside fan experiences like this, we’ve just seen the first Bitcoin transfer take place where a footballer was purchased using cryptocurrency and signed for DUX Internacional de Madrid, and earlier this year NFL pro footballer Russell Okung said he’s getting his salary in Bitcoin. We’re likely to see more of the same – from clubs finding new ways to engage with fans on a match day to the way business is done at the top of the game.”

 

Bringing The Game Home

The initiative was developed by Sportsbet.io’s PR agency Fuse in response to the Covid-19 pandemic, working as a digital solution to activating matchday rights in a behind-closed-doors environment. Production of the 360 live content and immersive storytelling was delivered by award winning VR & AR agency East City Films. 

 

The content is delivered to influencers using the Pico neo2 headset by Pico Interactive, who specialise in providing VR solutions for business in the USA, Canada, Europe, Africa, and Asia. The unique 360° Video content is available on the official Sportsbet YouTube Channel, and requires no VR headset or additional tech to view. 

 

Southampton Football Club’s Chief Commercial Officer, David Thomas, commented: 

 

“As a club our digital approach has always looked to redefine the content status-quo and we were excited at the shared values between ourselves and the Sportsbet.io team. The work that is currently ongoing is a pleasure to be involved with and we want to ensure as many of our fans are experiencing that St Mary’s nostalgia as possible. We cannot wait for the full return of our fans but in the meantime, Sportsbet.io have found an innovative way to ensure our club and fans can stay connected.”

 

Sportsbet have long been known as pioneers for cryptocurrency and its potential use-case in the sporting industry. From long-standing support for cryptocurrency adoption to its work with with Premier League teams Southampton FC and Arsenal FC, Sportsbet has been a leader in the education of cryptocurrency through sport. With this new cutting-edge VR technology, viewers can continue on the Sportsbet journey through the new full 360° content available on Sportsbet.io’s YouTube channel.

 

About Sportsbet.io

Founded in 2016 as part of the Coingaming Group, Sportsbet.io is the leading Bitcoin sportsbook. Sportsbet.io has redefined the online betting space by combining cutting-edge technology, with cryptocurrency expertise and a passion for offering its players with the ultimate fun, fast and fair gaming experience. 

 

Sportsbet.io provides an expansive range of betting action across all major sports and eSports, offering players more than 350,000 pre-match events per year and comprehensive in-play content. 


As the first crypto sportsbook to introduce streaming across all major sports, as well as a cash out function, Sportsbet.io is recognised as a leader in both online sports betting and within the crypto community.Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of around 1.5 minutes among the fastest in the industry. 

 

For more information about Sportsbet.io, please visit – https://sportsbet.io/

Learn more about Coingaming – http://coingaming.io/

View the full 360° content on Sportsbet.io’s YouTube channel  – https://youtube.com/c/Sportsbet-io

 

Media Contact Details

Contact Name: Bitcoin PR Buzz Press Team

Contact Email: [email protected]

 

Sportsbet is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

 

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.