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Introducing iFancythat, Ecosystem Of Brands And Multiple DeFi Solutions

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Decentralized finance (DeFi) is a growing sector that has the potential to transform the current financial system. The necessity for an accessible, honest, and safe monetary network is at the heart of the decentralized finance vs. traditional finance argument, therefore it’s no wonder that decentralized finance is slowly gaining ground as a viable replacement to the current monetary structure.

Decentralized networks are gaining popularity in part due to the fact that it is more open and transparent than traditional networks. Because there are no hurdles to access, anyone with programming abilities may contribute to the development of financial services and tools on top of public blockchains. It’s the concept of transferring financial authority to the public.

To take the DeFi solutions motive ahead, here comes a Big network of Multiple Defi products “ ifancythat “.

Founded by

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Micheal Caine, Ifancythat is an ecosystem of decentralized financial solutions integrated with brands and services. The network consists of products like crypto wallets, payment gateways, rentals, and a dating site too. 

The ecosystem is powered by its own native token called ifancythat token(FNCY). The user will be able to use the fancythattoken to invest, trade, and even pay for hotels, flights, car hires, and mobile phones, among other things.

Ifancythat provides a fully decentralized platform with total transparency, a safe environment, faster payments, financial institution cash transfers, and cheaper transaction costs. It serves as a one-stop shop for all of your daily life services.

Services proposed inline 

  • ifancyaPhone – Mobile phone marketplace

A marketplace to buy and sell mobile phones with advanced pricing feature. Other features of this model consist of price campating tools, phone information and user reviews. On the go, users can effectively use FNCY token as a mode of payment. 

  • Ifancyabet – Online betting 

In the roadmap of Ifancythat, this online casino gaming platform is planned to launch in 2023. This is a high end blockchain casino model that will offer 10+ different boards, spinning and card games. All this will be done by using FNCY token. The developers also estimate to support standard fiat currencies too. 

  • ifancyahotel – Hotel booking 

ifancyhotel will provide wonderful hotels in breathtaking locations. It will let customers to search through hundreds of beautiful hotels, discover the perfect holiday spot, and book a hotel with FNCY token. Whether you’re traveling for work or pleasure, ifancyHotel can help you locate the ideal lodging.

  • ifancyaFlight – Flight Booking 

ifancyFlight will allow users to book national and internatinal flights using FNCY token. The booking will have same traditional process with all applied taxes, discounts and offers.

  • ifancyaWatch – Wearable 

As the partnerships take place, Ifancythat is joining hands with top class smart watch manufacturers inline. This is a standard smartwatch that can be connected with any OS device and also your crypto wallets. There will be more than 8 models in a row, with upgraded features . 

  • Ifancyahirecar – Car rental

Ifancyahirecar will be a new go-to website for vehicle rental. Ifancythat is partnering with major car rental companies to deliver the best rates on a variety of automobiles. It will rent a vehicle, coach, or even an RV to any point on the planet. It will also take Fancy That Token in the near future, allowing you to spend these Tokens on the vehicle of your choice.

  • Ifancyadate – Online dating 

ifancyadate was created to offer its clients’ dating lives a fresh spark in life. ifancyadate will encourage users to communicate with and meet their ideal matches using the app.. At ifancyadate, dating is fun and full of possibilities!

Payment Gateway

A fully fledged crypto payment gateway with an app or integrated on websites. The ifancythat’s payment services offer safe and secure payment transfers along with supporting credit or debit cards options. 

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Fancythat Wallet

ifancy Crypto Wallet is a multi-chain and non-custodial wallet that acts as a gateway to cryptocurrency destinations. Get secure access to storing 13000 crypto tokens supported by FNCY token as network fee. 

Secured by private keys and simple user interface, the wallet will also support blockchains like ERC20, BEP20, GoChain, Polygon, Avax, Heco, Klaytn, FTM. 

Join The FANCY Token Seed Sale

FancyThatToken ($FNCY) is a BEP-20 token that serves as the iFancyThat ecosystem’s native currency. It is used to pay for transactions on the site and also provides holders with a number of services. 

The FancyThatToken will let users invest, trade, and even pay for hotels, flights, car hires, mobile phones, and much more.

To ensure faster transactions and reduced costs, FancyThatToken is based on the Binance Smart Chain. $FNCY has a total supply of 100 billion, with a perfectly designed tokenomics. 

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As per the current statistics, 1288.4M tokens have been already sold with raising around $300000 funds. 

To Purchase Visit:

https://fancythattoken.io/?utm_source=cryptokenmedia&utm_medium=coinpedia

Seed sale key points .

  • There will be a $50 minimum purchase value and a $25,000 maximum buy value. 
  • Users will need to register on the fancythattoken.io website and change their USD into BNB in order to acquire the tokens. 
  • 20% of the tokens will be given to the wallet within 24 hours. These will be inaccessible until June 1, 2023. This is the time when free trading will be available. 
  • The rest of the tokens must be claimed through the website. Log in, connect your wallet, and collect 20% of your balance each month until October 1st, 2023. 

This will keep the growth under control and provide the token the best chance of increasing in value.

Below chart will tell you the stages of token distribution:

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You can buy these tokens directly from the website and Pinksale. PinkSale listing is scheduled on 20.06.2022

Also Know: 

  • Unsold tokens will roll over to the next phase at the end of each phase. Unsold tokens will be transferred to the Lottery Wallet at the end of the final selling period.
  • As a result, 80 percent of your tokens will be locked in according to the vesting schedule outlined below and above. After FNCY is listed on the market, the tokens will be released one month later.
  • From July 1, 2023, you will be able to claim tokens through your dashboard.

Dates for claiming:

  1. 20% on 1st July 2023
  2. 20% on 1st August 2023
  3. 20% on 1st September 2023
  4. 20% on 1st October 2023

The tokens will be available to claim from the dashboard on the dates listed above.

For more information follow ifancythat on:

Twitter, Facebook, Instagram, Linkedin.

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NHL enters the NFT space partnering with Marketplace Sweet

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NHL enters the NFT space partnering with Marketplace Sweet Abdulrasaq Ariwoola · 42 seconds ago · 1 min read

The NHL partnership with Sweet will offer a variety of digital collectible experiences to its fans, tradable in the marketplace

1 min read

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Updated: June 25, 2022 at 3:59 am

Cover art/illustration via CryptoSlate

👋 Want to work with us? CryptoSlate is hiring for a handful of positions!

The National Hockey League on Thursday announced its partnership with NFT Marketplace Sweet. This partnership will be the league’s first dive into digital collectibles.

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The partnership, of which the NHL’s players and Alumni’s association are part, will go live in October to mark the start of the 2022-2033 NHL season.

The NHL Marketplace

The NFT marketplace is expected to offer a range of experiences to NHL fans. Including digital collectibles that showcase historical moments, past and present season game highlights, and NHL stars top plays.

The marketplace will also feature gamified collection experiences, specialty packs, and 3D interactive trophy rooms where users can display their collections. Among these offerings there are also dynamic NFTs designed to change based on current team data.

Additionally, fans would be able to buy, sell, collect and trade the collectibles on the marketplace.

However, the announcement did not state which blockchain would host the marketplace.

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NFTs in the sporting space

The NHL  joins a long list of sporting institutions that have embraced digital collectibles.

In 2020, the NBA launched Top Shot NFTs, its digital collectibles marketplace, in partnership with DapperLabs. Likewise, the NFL launched its play and own NFT game while the MLB is to launch its NFT game soon.

However, the extreme sell-off in the crypto market has seen crypto companies pull out of sports deals. This is so as crypto companies strive to stay afloat as the severe sell-off continues in the market.

FTX recently pulled out of a partnership deal with Los Angeles Angels. Similarly, sources suggest a patch deal between NBA Washington Wizards and a crypto company has crashed.

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Albania To Start Taxing Crypto-Related Income From 2023

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Albania To Start Taxing Crypto-Related Income From 2023

Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations.

Albania Set to Impose Crypto Tax as Early as Next Year

The Albanian state should begin collecting taxes on income from crypto assets as of 2023 in accordance with a new income tax bill, the local English-language portal Exit News reported on Friday. The government also hopes to pass a number of other laws and bylaws this year in order to comprehensively regulate the matter.

The special tax legislation is currently open for public consultations. It introduces the concept of taxing crypto holdings and income derived from virtual assets. The latter have been defined as “a digital representation of a value that can be deposited, traded or transferred in digital form, and that can be used for payment or investment purposes or as a medium of exchange, including but not limited to cryptocurrencies.”

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However, the definition does not cover central bank digital currencies (CBDCs), the report notes. That’s despite a growing number of monetary authorities around the world developing a digital version of their national fiats. The list includes major powers such as the United States, the European Union, China, and the Russian Federation.

The Albanian law also defines cryptocurrency mining as an activity using computing power to confirm transactions and gain virtual assets in exchange. The extraction of cryptocurrencies has been a grey area although law enforcement has been going after illegal mining facilities in the country and pressed charges against some of their operators.

Under the new legislation, any income from crypto transactions or mining will be classified as corporate income when it’s received as a result of business activity. And when the beneficiaries are private individuals, they will have to pay capital gains tax of 15%.

Financial Watchdog Tasked to Expand Crypto Regulatory Framework

Earlier this month, the Albanian parliament ordered the Financial Supervisory Authority (AFSA) to prepare and adopt new regulations regarding cryptocurrencies by the end of 2022. Albanian law allows crypto trading platforms to legally work in the country but no licensed entities are currently operating in Albania, Exit News remarked.

Two years ago, Albania also adopted a law titled “Financial markets based on distributed ledger technology.” While many have welcomed the legislation, critics have questioned whether the small nation in South East Europe, still an EU hopeful, is capable of properly regulating its crypto sector to prevent it from being used for money laundering, something it’s struggling to achieve in the fiat space.

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The legislature referenced a recent report by the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval), which recommended additional steps regarding the risks associated with cryptocurrency. In November 2021, the AFSA approved its first two regulations implementing the crypto markets law, which introduced capital and licensing requirements for entities working with digital assets.

Do you expect Albania to adopt comprehensive regulations for its crypto space by the end of the year? Tell us in the comments section below.

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

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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Brave Group Inc

Japanese Virtual IP Firm Raises $10 Million To Accelerate Metaverse Business

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Japanese Virtual IP Firm Raises $10 Million To Accelerate Metaverse Business

Brave Group Inc., a Japanese virtual IP firm, recently said it had raised $10 million in new capital and that the company expects to use part of these funds to boost its “solution services for clients in the metaverse marketing business.” Taking part in Brave Group’s latest funding round were two local companies, foreign investment funds, as well as individual investors.

Metaverse Market Growth

A Japan-based virtual IP business, Brave Group Inc., recently said it had raised $10 million in new funding, thus bringing the total raised so far to $18 million. The company is set to use the new capital to strengthen its existing business operations and to “expand its solution services for clients in the metaverse marketing business.”

In a recent statement, Brave Group revealed that Japanese companies like Dawn Capital and Osaka Gas Co. Ltd. had participated in the round that also featured “foreign investment funds and individual investors.” In remarks following the announcement of the capital raise, Kazuhiro Ishikura, a general partner at Dawn Capital, said:

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As the boundary between real and virtual life disappears, the form of entertainment will also change, and new IP content KOLs are expected to be born. As the metaverse market grows globally, we believe that the Brave group’s content will be at the center of the enthusiastic virtual communities that will emerge. We hope that the strength of the anime and manga culture that Japan has cultivated over the years will be brought to the world virtually.

Yuichi Sakamoto, senior general manager with Osaka Gas’ innovation department, is quoted stating his company is ready to help Brave Group Inc. “realize lifestyles and businesses that respond to the New Normal.”

For his part, the CEO of Brave Group Inc., Keito Noguchi, said through the $10 million fundraise, his company would now “maximize the impact of Brave group’s IP not only in Japan but also in the world.”

What are your thoughts on this story? Let us know what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

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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