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Sango – The First Digital Monetary System Built On Bitcoin

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Sango – The First Digital Monetary System Built On Bitcoin

press release

PRESS RELEASE. Sango, the Central African Republic’s crypto-initiative, has set off a wave of excitement in the crypto space, fuelling curiosity and anticipation. Supported by a comprehensive Legal Framework, Sango will enable the creation of both the digital and physical infrastructure that would aid its development. SANGO will be partially backed by Bitcoin, meaning that will build up on an already existing strong foundation.

What does “backed by Bitcoin” really means?

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Let’s set things straight: SANGO, the coin of the Sango sidechain, will be fractionally backed by Bitcoin, which in simple terms means that the Central African Republic Treasury will consist of a Bitcoin reserve fund.

Historically speaking a country’s currency would be backed by reserves of gold, as has been the case until the Bretton Woods agreement. Bitcoin is also known as digital gold, being the best store of value within the blockchain space. Thus, Bitcoin is regarded as a highly valued commodity, and will be the store of intrinsic value for a currency. Also Sango will be pegged to Bitcoin, meaning that anyone will be able to operate with wrapped Bitcoin (s-BTC) in the Sango ecosystem.

As you might know, the 70s had brought the depegging of the US Dollar from gold, causing an infinite supply of money to be potentially printed if needed. Nevertheless, inflation had become a common problem plaguing traditional Fiat currencies. On the other hand, Bitcoin represents a decentralized currency, which is not bound to any central authority. Thus Bitcoin is the optimal solution for a digital store of value, allowing citizens to democratize money and currency.

Also backed by Bitcoin means that it will build on the strong technical foundation and the most secure and decentralized cryptocurrency network in the world.

Through its established reputation, secure blockchain, and public, unalterable ledger, a strong foundation is set for the Central African Republic in improving the lives of its citizens by enabling access to financial amenities and ensuring a fair and transparent distribution of wealth. In spite of how some people have seen the initiative, Sango will allow citizens to enjoy a modern and digital monetary system, with unbanked citizens gaining access to the global financial system.

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Backed by the Central African Republic Government

According to President Faustin-Archange Touadéra in the Sango Genesis event, “the Sango Coin will be the currency for the next generation”. This implied sense of confidence and assurance is an immediate result of its ‘backed by Bitcoin’ element, which creates confidence and reliability within the initiative. If having the support of the President and Government was not sufficient, building on the foundation of Bitcoin offers endless benefits, mostly because of its decentralized nature and limited supply. These benefits include, partial decentralization and no risks of de-pegs, differentiating SANGO from stablecoins and CBDCs and ensuring that current monetary problems will be surpassed.

It’s also been inferred that the population will have the most to gain with Bitcoin as the digital store of value behind SANGO. Citizens will be endowed with democratic control over the new digital monetary system, needing nothing more than a smartphone to make instant payments and receive money securely, finally removing the need of a traditional banking sector. There is already a wider vision behind SANGO, as the President puts it: “a common cryptocurrency and an integrated capital market that could stimulate commerce and sustain growth”.

In spite of its many detractors and doubters, SANGO has already attracted the attention of many important crypto figures, including CZ (Changpeng Zhao) and Michael Saylor, but also praise from other African countries exploring the possibilities of adopting a similar system.

It is clear that Sango has already produced a massive disruption, leading the way forward for further adoption of Bitcoin. It is a major step for cryptocurrencies, as they finally lead the way for a monetary revolution and allow people utmost control over their money.

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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

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GAIMIN

GAIMIN’s Early Access Event Opens Its Platform And Monetization App To Gamers

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GAIMIN’s Early Access Event Opens Its Platform And Monetization App To Gamers

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PRESS RELEASE. Zug, Switzerland, 12th August 2022: GAIMIN announces the opening of its gaming and monetization platform to the gaming community.

Following recently completed initial testing of its monetisation and gaming platform, GAIMIN.io ltd is opening up its gaming and monetization platform to 10,000 gamers during August and September.

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GAIMIN’s monetization application enables a user to utilize the Graphics Processing Unit (GPU) installed in a PC to participate in GAIMIN’s distributed data processing network, returning up to 90% of rewards generated back to the user. With a specific focus on PC-based gamers as users, GAIMIN’s app allows gamers to utilize their passively generated rewards to purchase in-game assets such as NFTs and native gaming tokens (including V-Bucks and Apex Legends coins) and as well as purchasing accessories and merchandise from GAIMIN Gladiators, GAIMIN’s esports division all of which is designed to deliver true utility for GAIMIN’s GMRX token.

Andrew Faridani, Chief Marketing Officer for GAIMIN stated, “Extending the testing community to 10,000 active users is a major step forward in GAIMIN’s strategy to release an application that generates passively earned rewards for gamers. Starting on Monday 15th August 2022, we will be opening the download of our app to 10,000 users who can immediately benefit from its monetisation abilities and also receive bonuses for participating in this Early Access event.”

Martin Speight, Chief Executive Officer for GAIMIN commented, “Following initial testing, we have made significant improvements to usability of the app, the user experience, new functionality and increased monetisation options. We now need 10,000 gamers to test the performance of the app through high synchronous utilization, in readiness for general release.”

Andrew Faridani continued, “Providing Early Access to 10,000 from 15th August will enable us to build a larger testing community and spearhead our strategy for mass adoption of the platform throughout our target user community. This event is designed to test GAIMIN and our systems, and also reward users through increased rewards, limited edition gaming NFTs and enhanced GMRX for their continued participation. Importantly, this will also demonstrate the utility within GMRX in readiness for its imminent listing.”

Martin concluded, “Ensuring our platform is ready for general release is a major step forward in our strategy. In readiness for listing of GMRX, and in support of maintenance of GMRX on exchanges, we want to ensure we list with an active user base and community and also demonstrate the true utility of GMRX within our ecosystem.”

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To participate in this event, please follow GAIMIN on our social media channels, where full instructions will be provided throughout the Early Access period.

About GAIMIN

GAIMIN.IO Ltd (GAIMIN) is a UK and Swiss based gaming company focused on helping the gaming community monetise the computational power of their gaming PC. GAIMIN has created a decentralized data processing network harnessing under utilized processing power typically found in gaming PC’s to create a world-wide decentralized data processing network, delivering “supercomputer” performance.

With a free to download PC-based application GAIMIN monetises the under utilized performance through innovative approaches to delivering “supercomputer” level data processing performance from a world-wide network of independent processing devices. Focusing initially on the powering of blockchain computations, the GAIMIN data processing network also supports a number of different large scale data processing applications, including video rendering.

GAIMIN pays users in its own crypto currency, GMRX which can then be used for purchases on the GAIMIN Marketplace for NFTs, in-game assets, accessories and merchandise, or it can be converted to fiat or a different crypto currency.

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For up to date information, please follow the following GAIMIN social media accounts:

  • Website: https://www.gaimin.io
  • Facebook: https://www.facebook.com/Gaimin.io
  • Instagram: https://www.instagram.com/gaimin_io/
  • Twitter: https://twitter.com/GaiminIo
  • LinkedIn: https://www.linkedin.com/company/gaimin/
  • YouTube: https://www.youtube.com/c/Gaimin
  • Telegram: https://t.me/officialgaimin
  • Discord: https://discord.gg/VGcyKqUxPc

For further information, please contact:

The Americas, Middle East and Australian Pacific – Andrew Faridani, Chief Marketing Officer for GAIMIN (based in Toronto, Canada): andrew@gaimin.io


UK and Europe – Marc Bray, Chief Communications Officer for GAIMIN (based in Manchester, UK): marc@gaimin.io


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

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Press release

20000% In One Minute On Play To Earn Game Tothesmart

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20000% In One Minute On Play To Earn Game Tothesmart

press release

PRESS RELEASE. The crypto enthusiast has got 10,032 BUSD into their wallet by buying virtual miners in the Play To Earn game Tothesmart for only 50 BUSD.

Real lotteries on the blockchain are gaining popularity around the world. The project Tothesmart has implemented an exciting mechanism, «TimePool», by implementing in the economy Play To Earn!

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According to the terms of the game, 1% of the purchases of virtual miners and sales of generated tokens are transferred to a separate smart contract, «Time Pool» taking the entire bank out of this smart contract will be able to the one who bought the miners last and within 60 minutes after that did not happen any purchase.

Thus, the first lucky winner has already received 10 032 BUSD, after which the balance of TimePool is again growing and waiting for new winners.

Play To Earn Tothesmart is growing successfully worldwide, and new players are joining daily. In the first 20 days, the turnover of purchases and sales in the game has already exceeded $1.5 million.

Anyone can join the game and get free Miners on 10 BUSD.

It is necessary to have Metamask, TrustWallet or any other Web 3.0 wallet. And also connect to the Binance Smart Chain network.

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Then it can be gone to the site, and click Get Free Miners.

Having got free miners, it can be learnt how the game works, but to sell the obtained tokens will need to buy miners for at least 50 BUSD.

Tothesmart also has an Ambassador program that anyone can join. The project rewards its community for developing the brand and attracting new players.

It can be found out more and explore the economics of the game in the White paper section of the project’s website.

Tothesmart is a fully decentralized system built on Web 3.0, which means that security is guaranteed by a smart contract that has been independently audited.

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There is an opportunity to join the international community right now:

Website https://tothesmart.com

Audit https://hazecrypto.net/audit/tothesmart

Telegram channel https://t.me/tothesmartofficial

Community chat https://t.me/tothesmartofficialchat

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Twitter https://twitter.com/tothesmart

YouTube https://www.youtube.com/channel/UCgnx3zkNtzWe7JIbxettbKQ


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

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Press release

Why Real-World Utility Tokens Are Taking The Meme Coin Community According To Chronoly

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Why Real-World Utility Tokens Are Taking The Meme Coin Community According To Chronoly

press release

PRESS RELEASE. The recent cryptocurrency market crash has shaken the trust of investors in several crypto projects. Investors are prompted to rethink and reevaluate the fundamental aim of digital currencies they have invested in. In fact, the crash has proved to be more severe for cryptocurrency enthusiasts who put their money in meme coins like Dogecoin (DOGE) and Shibu Inu (SHIB), which have lost their market cap by over 50% recently.

However, it is notable that while investors have become skeptical of some cryptocurrencies, they are now more than willing to invest in tokens that have proved worthy in these challenging times. Investors have been switching their sides from the meme coins to real-world utility tokens like Chronoly.io, which has not only stood firm but has also been growing at a fast pace.

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Chronoly.io has performed exceptionally well during its pre-sale and is up by 560% since its launch. Besides, several analysts have predicted that the Chronoly.io native token CRNO could rise by another 2,500% in the coming months.

So, why are meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) losing their ground to Chronoly.io? Why has Chronoly been successful in gaining a massive number of investors during these trying times as well?

Dogecoin and Shiba Inu do not have any tangible utility

Meme coins like Dogecoin and Shiba Inu are associated with only pranks and jokes, and are not backed by real-world assets or any legitimate digital products. Their value and stability depend on virtual conditions, especially speculation. Hence, if the hype around them subsides, their value is bound to nosedive in the absence of any real-world backing. Thus, Dogecoin’s DOGE has fallen over 80% from its all-time high (ATH) value registered in May 2021, while Shiba Inu’s SHIB is below 65% from its ATH in the last few months.

Since they do not have any practical utility, Dogecoin and Shiba Inu entail significant financial risks. Moreover, many investors do not hold their investment in these cryptos for long because Dogecoin and Shiba Inu do not have any practical use. This is the main reason why Dogecoin and Shiba Inu have been losing their ground and holders to crypto projects like Chronoly.io.

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Chronoly.io works on trust-based utility-backed process

Chronoly.io has emerged as a shining star in the cryptocurrency market during a time when most digital tokens are finding it hard to survive. Chronoly.io is the world’s first blockchain-based marketplace where users can trade fractional NFTs in luxury watches, which are backed by the real physical version of the watch which is stored and insured in a depositary vault. However, the most significant characteristic of Chronoly.io is that it addresses the trust issue that most other cryptocurrencies, especially the meme coins, are plagued with.

Unlike Dogecoin and Shiba Inu, Chronoly’s CRNO token has tangible utility. Chronoly.io mints NFTs that are backed by real-world physical luxury watches, like Rolex and Richard Mille, which are stored in vaults across the globe. Investors, through Chronoly.io, can purchase a fractional part of a luxury watch for as much as $10. They can also purchase 100% of the watch NFTs and redeem them to acquire the physical piece. Chronoly.io also shares all the data with its users to eliminate risks of fraud and counterfeiting. This kind of utility-backed transparent process strengthens investors’ sentiments.

Why investors could start switching from Dogecoin and Shiba Inu

As Dogecoin and Shiba Inu function only on the premises of speculation and hype, investors remain in a state of uncertainty for their investment and return. On the other hand, Chronoly.io offers different forms of real-world use, providing investors with a sense of security, stability, and transparency.

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With Chronoly.io, investors feel assured that the value of their digital asset can only increase or decrease inline with the value of the real-world watch. Therefore, investors are leaving meme coin projects like Dogecoin and Shiba Inu, and investing money into a more stable, convincing, and transparent projects.

Over the last 7 days Dogecoin and Shiba Inu are up just over 4.5%, Chronoly.io which started its presale in May is up 560% and trading at $0.066. Will we see Shiba Inu and Dogecoin post double digit daily gains like last year again? Well, this remains to be seen.

For more information about Chronoly.io presale

Website: https://chronoly.io/

Telegram: https://t.me/Chronolyio

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Presale: https://presale.chronoly.io/register

Twitter: https://twitter.com/Chronolyio


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

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