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Dragon Crypto Gaming To Launch IDO Via Avalaunch This July 

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Dragon Crypto Gaming To Launch IDO Via Avalaunch This July 

The emerging GameFi space has experienced a massive surge in interest and value. According to a report from Crypto.com, one of the leading crypto exchanges, GameFi saw an unprecedented rise in market cap from $0.48 billion in 2020 to a whopping $28.0 billion in January 2022. Despitethese remarkable statistics and figures, most commentators are of the view that the blockchain gaming space is still nascent, with current offerings leaving much to be desired. 

While  many projects have been launched to attempt to deliver an improved gaming experience on the blockchain, Dragon Crypto Gaming [DCG] stands out for its commitment to quality and game design excellence. 

The Dragon Crypto Gaming Platform 

DCG is positioned at  the forefront of the play-to-earn [P2E] gaming industry as it seeks to deliver engaging, immersive, fun, and rewarding games. A product of a team of gaming enthusiasts and experienced developers, DCG’s game offerings  provide genuine value accrual to the player through player-owned game assets in the form of NFTs. 

The idea behind this gaming platform is relatively straightforward—build a collection of enthralling, competitive, and engaging games that entertain and enrich players. Through a complementary set game offerings, DCG aims to pioneer a sustainable P2E-based ecosystem that genuinely rewards community members. 

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The Legend of Aurum Draconis 

As an evolving digital ecosystem that aims to combine outstanding gameplay and the P2E gaming model through a sustainable and user ownership model, DCG will launch The Legend of Aurum Draconis —its primary game offering. 

Described as an old-school fantasy-themed RPG, The Legend of Aurum Draconis promises to be both nostalgic and immersive. It is a product of a carefully crafted combination of the  best traditional off-chain gaming features with the reach and decentralization of web 3.0. 

Players are thrust into the mysterious realm of Dragon Haven to seek their fortune, uncovering long-forgotten secrets and braving unknown dangers as they work their way through a story-driven questline. It features a huge variety of enemy encounters and loot drops, detailed character customization and levelling, resource gathering and crafting mechanics, an in-game player-directed marketplace and much more. 

To get started on this game, players simply have to acquire   a Dragon Crypto Hero NFT  (pegged at just $100 on initial release) and connect to the game via a Web3 wallet such as Metamask. This greatly lowers the  entry barrier into the GameFi space, where other GameFi NFTs frequently cost thousands of dollars.

Upcoming IDO and $DCAR Utility Token

The Legend of Aurum Draconis will feature a dual token economy, with the two DCG native tokens –  $DCAR and $DCAU – serving as the foundation.  $DCAR is the currency required to purchase crafting materials and land plots, and can be staked to earn a share of platform revenues. $DCAU is required to purchase Dragon Crypto Hero NFTs as well as to perform certain essential in-game actions such as healing and resting to recover your turns

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It doesn’t end there; $DCAR will become the native gas token for DCG’s future Avalaunch subnet and both $DCAR and $DCAU will play a pivotal role in the platform’s future game offerings. The launch of this token aligns with DCG’s long-term goal of expanding its platform to launch a series of complementary and highly engaging games.

The Dragon Crypto Gaming’s initial DEX offering [IDO] will take place on July 26, 2022, via the Avalaunch Launchpad platform on the Avalanche C-chain. Registration for the IDO will kick off on Wednesday, July 20, 2022. After that, Dragon Crypto Gaming will participate inDexalot Price Discovery—a new token price discovery process that leverages an on-chain, transparent, and open auction—from the 27th to 29th of July, 2022. 

Dragon Crypto Gaming will hold  its token generation event on July 29th, 2022,  which will run simultaneously with the Dexalot Price Discovery. 

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MANA’s network activity could bring forth a shorting opportunity here

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MANA’s network activity could bring forth a shorting opportunity here

Every once in a while, cryptocurrencies go through a phase where volumes contract and prices are restricted within a narrow range. Well, MANA has been stuck in this phase since June. As a consequence, it has struggled to exit its bottom range.

The altcoin has experienced very low whale and institutional activity during the contraction phase. This is often the case when cryptocurrency volumes shrink, and it is a key reason why price movements are quite limited.

Decentraland’s network

MANA’s muted performance was also exasperated by its native platform’s performance. Its transaction volumes dropped substantially in the last four weeks, peaking at 59.57 million on 27 July.

In contrast, it registered its lowest 4-week transaction volume at 3.24 million on 13 August.

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Source: Santiment

The low network activity also reflected in the form of a drop in active addresses.

The latter peaked at 2,611 active addresses on 21 July and dropped to as low as 854 active addresses on 13 August.

Decentraland has been hard at work trying to boost engagement within its network.

The drop in network activity highlighted the need to boost its attractiveness as a metaverse project. Despite its shortfalls, Decentraland’s market cap is currently above $2 billion.

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Quite a number of MANA investors are still holding on to their coins. The 180-day mean dollar invested age achieved steady growth in the last four weeks, peaking at 977.23.

There was some profit taking towards the end of June, leading to a drop in the 180-day mean coin age. However, its recovery to its press time level at 72.25 confirms that retail investors have been accumulating, and HODLing.

Source: Santiment

Why are these observations important?

It is normal for a cryptocurrency to have low volumes when network growth and organic demand are negatively affected.

That may explain the low whales and institutional demand in the last four weeks. However, most of the top coins by market cap have already experienced substantial upside, and no longer have maximum growth potential.

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This means MANA will soon end up on the radar of whales and institutions looking for the next best opportunity.

Well, the token is still relatively closer to its bottom than most top coins courtesy of its limited upside.

This means it has a higher growth potential to tap into. Its 90-day MVRV ratio, at press time, was at 14.22% which means some MANA holders who bought at the bottom are already in profit.

Source: Santiment

However, the numbers are still low compared to some of the best-performing top cryptocurrencies in the last month.

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MANA’s heavily discounted price is still a healthy opportunity for long-term holders since metaverse development is still in its early stages.

Michael is a full-time journalist at AMBCrypto. He has 5 years of experience in finance and forex and more than two years as a writer in the crypto and blockchain segments. Michael’s writing at AMBCrypto is primarily focused on cryptocurrency market news and technical analysis. His interests include motorcycles and exotic cars.

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Ripple lawsuit: SEC receives another shock after latest court ruling

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Ripple lawsuit: SEC receives another shock after latest court ruling

American watchdog SEC took a recent hit as the battle against Ripple moved into an interesting phase this week.

There is good reason for the SEC to worry right now with a string of defeats in a row. In their latest acrimony, Judge Netburn approved Ripple’s motion to authenticate SEC officials’ public remarks.

This motion was initially objected to by the SEC who claimed that Ripple is trying to reopen fact discovery.

No end here

The SEC vs. Ripple case continues to attract the crypto community as it wears on into another month.

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The case has seen it all through the years and is not looking to end anytime soon.

In the above motion, filed on 4 August, the SEC had put a condition, in case, if Ripple were to go ahead with the motion.

The condition for the consent was that “the Defendants agree to reopen discovery.”

This move could allow the SEC to file its own subpoenas to attain copies of unspecified recordings.

Famed lawyer James Filan continues to post his insights on this case. He has been visibly irritated at the lackluster response from the SEC. In this regard, he noted,

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“The SEC’s response is simply an abuse of the judicial process and a waste of the Court’s time, as evidenced by the fact that the SEC waited five days to file a one sentence response in which the SEC then misconstrued Ripple’s original request.”

The SEC’s behavior has also been questioned by the crypto community recently.

One enthusiast who went by the name Ashley PROSPER on Twitter stated, “the SEC behaving badly could get the case dismissed.”

Not to forget, judge Netburn has already used the term “unfaithful allegiance to the law (bad faith)” towards the SEC.

#XRP #XRPCommunity
The SEC behaving badly could get the case dismissed. 4 of the 5 factors for dismissal have been met, and Judge netburn using the term “unfaithful allegiance to the law” (bad faith) is another check in the dismissal box. Unlikely, but… something to consider. pic.twitter.com/e8vupINsrq

— Ashley PROSPER (@AshleyPROSPER1) August 14, 2022

Meanwhile, it has also been reported that both parties are filing their responses to the motions to exclude expert testimony.

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These responses are under seal right now. But what will happen now in this seemingly never-ending legal battle continues to be an interesting topic for the crypto community.

Kanav is a journalist at AMBCrypto. He has a Masters in Media and International Conflict and is interested in areas of digital society, crypto developments in the political sphere and the socio-cultural impact of a crypto-society.

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Leading European Tire Retreader Vaculug To Accept Crypto Payments

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Leading European Tire Retreader Vaculug To Accept Crypto Payments

Vaculug, a British company that brands itself as Europe’s largest independent tire retreader, will now accept cryptocurrencies for its products and services. Its management says the business must move with the times and offer customers more options than pounds and pence.

Vaculug to Take Major Coins, Offer Contracts in Cryptocurrency

U.K.-based tire retreading firm Vaculug has announced it will accept two leading cryptocurrencies, bitcoin (BTC) and ethereum (ETH) as a means of payment for tires and related services. The company claims it’s the first in the industry to do that.

In a press release, Vaculug also revealed it intends to sign fixed price contracts in ‘crypto per kilometer’ and ‘crypto per vehicle’ formats, if customers would like to fix or link them to the prices of the two supported cryptocurrencies.

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Blockchain is not the future but the now, says Vaculug’s IT manager Jason Humphries. “We believe that all companies will have to accept cryptocurrencies in the near future and we are proud to be the first retreader to do so,” he commented.

Humphries thinks the company, which he describes as customer-centric, must move with the times and offer clients “more options than just pounds and pence.” He also insists that crypto payments will lower transaction costs for both sides while providing more value to the buyer.

“We are proud to have partnered with Vaculug to develop the modules required for their industry leading VMS management system to be able to receive secure payments through the blockchain,” said Sam Dunross, the CEO of Dunross and Chan Ltd. which will process the crypto transactions. He added that its platform has been developed with cybersecurity firms from Israel to ensure it’s secure.

Despite the latest crypto market downturn, the number of businesses introducing bitcoin payments has continued to grow. For example, Swiss luxury watchmaker TAG Heuer announced earlier this year that it accepts a dozen coins in the U.S. through an integration with Bitpay. And a survey conducted by financial services firm Deloitte and payment processor Paypal showed that 85% of merchants consider enabling this payment method a high priority.

Tags in this story

Bitcoin, BTC, Crypto, crypto payments, Cryptocurrencies, Cryptocurrency, Cryptocurrency Payments, ETH, ether, Ethereum, Europe, Payments, retreader, tire, tire retreader, tires, uk, Vaculug

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Do you expect increased adoption of crypto payments after this month’s relatively positive developments in the markets of major coins like bitcoin and ether? Tell us in the comments section.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, celio messias silva

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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