41% of Surveyed Crypto Investors are Newbies
41% of Surveyed Crypto Investors are Newbies 101
Source: AdobeStock/Pormezz

As many as 41.4% of cryptocurrency investors are crypto newbies, and 60% of them declare they have invested between USD 2,500 and USD 5,000 in crypto, according to the results of a recent survey by alternative investment firm Invictus Capital.

“Today’s investor resembles a 35-year-old German engineer named Günther. He derives his crypto investing information from YouTube, because he values learning how to generate high returns on his investment more than the idealism of cutting out the middleman,” the company said in the survey’s summary.

They are referring to the finding that the country with the highest percentage of surveyed alternative investors was Germany, at 14.1%, followed by the US and Spain, with 7.7% and 6.8%, respectively. The UK and Turkey were ranked fourth, both at 4.8%.

Furthermore, the survey indicates crypto investing is dominated by those aged 31-45, with 41.8%, while respondents aged 25 and below represent 25.1% of the total. Investors aged 25 to 30 hold a 22.9% share, while those aged 45 and above represent only 10.2% of the total.

The survey collected answers from some 3,473 respondents spread across a total of 60 countries. Ofir Sever, a PR spokesperson for Invictus Capital, told Cryptonews.com that the survey’s focus was to determine the modern investor profile, media consumption habits, crypto investing sources, as well as investing habits. The survey was carried out online last February and March, and it targeted investors.

Data was sourced from respondents with access to high-speed Internet, with a significant share of responses from the European Union’s member states and Asian countries, according to the spokesperson. Mobile users provided 94% of the responses, with desktop and tablet users generating a further 5.5% and 0.5%, respectively.

The average sum invested in crypto is reported to be USD 2,500 – USD 5,000, with 60% of those surveyed marking this option. 40% also reported investing USD 100 – USD 2,500, while more than 30% of the respondents have also made investments under USD 100.

With regards to the respondents’ professional profiles, engineers lead the way, at 12.5%, followed by tradesmen and lawyers, both at 9.6%, and finance professionals with 8.6%. Among the listed professions, IT is at the bottom of the list, with 1.6%.

The survey’s summary further stated that:

  • 68% said high returns remain a motivation;
  • 54% see crypto investing as a method to future proof their money;
  • 25% invest to mitigate dealing with middle men;
  • 50% noted high fees on exchanges, quality, and volume on exchanges as the biggest challenges they faced.

And speaking of exchanges, 69% of surveyed investors listed Binance as their exchange of choice, followed by Coinbase with 42.6%, and Kraken with 13%.

74% of the surveyed individuals chose YouTube as their preferred social channel.

Meanwhile, almost 40% percent of respondents said that they invest on a weekly basis, 34.3% said they invest monthly, and 7.7% said they invest once a year, Invictus Capital concluded.

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Learn more:

9% of Surveyed US Teens Claim to Have Traded in Crypto

50% of Inexperienced Investors to Hold Bitcoin Less Than a Year – Survey

18% of Asked Americans Bought Crypto, Most Know Only Bitcoin – Survey

Young Investors Drive Increased Aussie Bitcoin & Crypto Investments

Investors Still Prefer Stocks To Bitcoin, But BTC Wins Over Gold – Survey

More Professionals Trust Crypto Than Want To Get Paid In It – Survey

Crypto is Here to Stay, But There is a Twist, Survey Shows

‘NFT in Peace’ WWE Presents The Undertaker NFTs Ahead Of WrestleMania

The World Wrestling Entertainment announced today it will create the corporation’s first-ever non-fungible tokens (NFTs) representing legendary moments from the career of one of the most iconic fighters – The Undertaker. The four-tier drop will be launched ahead of the company’s biggest event this Saturday, April 10th – WrestleMania.

The Deadman as an NFT

WWE announced it will release non-fungible tokens featuring Mark William Calaway, better know by his ring name, The Undertaker. The legendary ex-superstar NFTs, who retired from professional wrestling last year, will be one of the spotlights of this year’s Wrestlemania.

The auction will open this Saturday at 10:30 AM ET. The drop is supposed to be met with significant interest and will last for 37 hours. The end will be on Sunday, April 11th, at 11:30 PM ET.

The Undertaker NFTs will be offered in four tiers – Platinum, Gold, Silver, and Bronze. The Platinum and Gold will have minimum open bids of respectively $10,000 and $5,000, while the other two will have fixed prices – $1,000 for the Silver and $100 for the Bronze.

The top option would also provide VIP access, hotel accommodations, a personalized video message from the superstar, as well as a unique WWE Championship Title Belt.

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The Gold one – would get the winner two front-row-seat tickets at a Monday Night Raw or Friday Night SmackDown of their choice in 2021 or 2022, a personalized video message, and a signed Title Belt.

The Silver and Bronze tiers would provide more limited benefits to the winners.

World Wrestling Entertainment has partnered with Bitski for the project. With this being announced, it means participants will need to have a Bitski account, and winners will receive NFTs in their wallets.

The Undertaker. Source: BBC
The Undertaker. Source: BBC

The Expansion of NFT

Non-fungible tokens have been a hot topic recently as they have enjoyed mass acceptance and adoption from various celebrities and industries.

As CryptoPotato recently reported, the US Major League Baseball team Toronto Blue Jays explored options to take advantage of non-fungible tokens. The team’s President and CEO confirmed the move by indicating that it should enhance fan interest in the sport.

Another fresh example of the increased popularity of NFT is Lindsay Lohan’s plan to release an exclusive NFT collection. The famous American actress reaffirmed her support for non-fungible tokens by partnering with TRON to launch personalized digital art products.

In his turn, the founder of TRON and the CEO of BitTorrent, Justin Sun, went even further. Recently, he bought a painting by Picasso for $20 million, and he intended to tokenize it through the JUST NFT Fund.

Featured Image Courtesy of Wrestling Edge

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SnackMagic picks up $15M to expand from build-your-own snack boxes into a wider gifting marketplace

The office shut-down at the start of the Covid-19 pandemic last year spurred huge investment in digital transformation and a wave of tech companies helping with that, but there were some distinct losers in the shift, too — specifically those whose business models were predicated on serving the very offices that disappeared overnight. Today, one of the companies that had to make an immediate pivot to keep itself afloat is announcing a round of funding, after finding itself not just growing at a clip, but making a profit, as well.

SnackMagic, a build-your-own snack box service, has raised $15 million in a Series A round of funding led by Craft Ventures, with Luxor Capital also participating.

(Both investors have an interesting track record in the food-on-demand space: Most recently, Luxor co-led a $528 million round in Glovo in Spain, while Craft backs/has backed the likes of Cloud Kitchens, Postmates and many more).

The funding comes on the back of a strong year for the company, which hit a $20 million revenue run rate in eight months and turned profitable in December 2020.

Founder and CEO Shaunak Amin said in an interview that the plan will be to use the funding both to continue growing SnackMagic’s existing business, as well as extend into other kinds of gifting categories. Currently, you can ship snacks anywhere in the world, but the customizable boxes — recipients are gifted an amount that they can spend, and they choose what they want in the box themselves from SnackMagic’s menu, or one that a business has created and branded as a subset of that — are only available in locations in North America, serviced by SnackMagic’s primary warehouse. Other locations are given options of pre-packed boxes of snacks right now, but the plan is to slowly extend its pick-and-mix model to more geographies, starting with the U.K.

Alongside this, the company plans to continue widening the categories of items that people can gift each other beyond chocolates, chips, hot sauces and other fun food items, into areas like alcohol, meal kits, and non-food items. There’s also scope for expanding to more use cases into areas like corporate gifting, marketing and consumer services, and analytics coming out of its sales.

Amin calls the data that SnackMagic is amassing about customer interest in different brands and products “the hidden gem” of the platform.

“It’s one of the most interesting things,” he said. Brands that want to add their items to the wider pool of products — which today numbers between 700 and 800 items — also get access to a dashboard where they monitor what’s selling, how much stock is left of their own items, and so on. “One thing that is very opaque [in the CPG world] is good data.”

For many of the bigger companies that lack their own direct sales channels, it’s a significantly richer data set than what they typically get from selling items in the average brick and mortar store, or from a bigger online retailer like Amazon. “All these bigger brands like Pepsi and Kellogg not only want to know this about their own products more but also about the brands they are trying to buy,” Amin said. Several of them, he added, have approached his company to partner and invest, so I guess we should watch this space.

SnackMagic’s success comes from a somewhat unintended, unlikely beginning, and it’s a testament to the power of compelling, yet extensible technology that can be scaled and repurposed if necessary. In its case, there is personalization technology, logistics management, product inventory and accounting, and lots of data analytics involved.

The company started out as Stadium, a lunch delivery service in New York City that was leveraging the fact that when co-workers ordered lunch or dinner together for the office — say around a team-building event or a late-night working session, or just for a regular work day — oftentimes they found that people all hankered for different things to eat.

In many cases, people typically make separate orders for the different items, but that also means if you are ordering to all eat together, things would not arrive at the same time; if it’s being expensed, it’s more complicated on that front too; and if you’re thinking about carbon footprints, it might also mean a lot less efficiency on that front too.

Stadium’s solution was a platform that provided access to multiple restaurants’ menus, and people could pick from all of them for a single order. The business had been operating for six years and was really starting to take off.

“We were quite well known in the city, and we had plans to expand, and we were on track for March 2020 being our best month ever,” Amin said. Then, Covid-19 hit. “There was no one left in the office,” he said. Revenue disappeared overnight, since the idea of delivering many items to one place instantly stopped being a need.

Amin said that they took a look at the platform they had built to pick many options (and many different costs, and the accounting that came with that) and thought about how to use that for a different end. It turned out that even with people working remotely, companies wanted to give props to their workers, either just to say hello and thanks, or around a specific team event, in the form of food and treats — all the more so since the supply of snacks you typically come across in so many office canteens and kitchens were no longer there for workers to tap.

It’s interesting, but perhaps also unsurprising, that one of the by-products of our new way of working has been the rise of more services that cater (no pun intended) to people working in more decentralised ways, and that companies exploring how to improve rewarding people in those environments are also seeing a bump.

Just yesterday, we wrote about a company called Alyce raising $30 million for its corporate gifting platform that is also based on personalization — using AI to help understand the interests of the recipient to make better choices of items that a person might want to receive.

Alyce is taking a somewhat different approach to SnackMagic: it’s not holding any products itself, and there is no warehouse but rather a platform that links up buyers with those providing products. And Alyce’s initial audience is different, too: instead of internal employees (the first, but not final, focus for SnackMagic) it is targeting corporate gifting, or presents that sales and marketing people might send to prospects or current clients as a please and thank you gesture.

But you can also see how and where the two might meet in the middle — and compete not just with each other, but the many other online retailers, Amazon and otherwise, plus the consumer goods companies themselves looking for ways of diversifying business by extending beyond the B2C channel.

“We don’t worry about Amazon. We just get better,” Amin said when I asked him about whether he worried that SnackMagic was too easy to replicate. “It might be tough anyway,” he added, since “others might have the snacks but picking and packing and doing individual customization is very different from regular e-commerce. It’s really more like scalable gifting.”

Investors are impressed with the quick turnaround and identification of a market opportunity, and how it quickly retooled its tech to make it fit for purpose.

“SnackMagic’s immediate success was due to an excellent combination of timing, innovative thinking and world-class execution,” said Bryan Rosenblatt, principal investor at Craft Ventures, in a statement. “As companies embrace the future of a flexible workplace, SnackMagic is not just a snack box delivery platform but a company culture builder.”

[Chainlink] How the Chainlink Network Goes Beyond Data Delivery

How the Chainlink Network Goes Beyond Data Delivery

Oracles are commonly thought of as blockchain middleware that enable smart contracts to access external data—yet oracle networks, as they exist within Chainlink’s model, are much more than data delivery mechanisms. Through a wide-range of off-chain computational abilities, Chainlink’s decentralized oracle networks are providing blockchains with decentralized services that go far beyond securely fetching external data.

From Chainlink’s widely adopted Data Feeds, an extensive collection of on-chain price oracles for DeFi smart contracts, to Chainlink VRF, which generates a verifiable source of randomness for dynamic NFTs, to Chainlink’s highly customizable external adapters, the Chainlink Network is supporting a rapidly-expanding array of key oracle functions that are enhancing the capabilities of smart contracts across numerous blockchains and layer-2 networks.

In his recent presentation at the 2021 ETHDenver Hackathon, Chainlink Co-founder Sergey Nazarov emphasized the expansive functionality of decentralized oracle networks and how Chainlink-powered off-chain computations service a wide variety of smart contract use cases, from DeFi to parametric insurance to blockchain-based gaming.  The following is an excerpt of Sergey’s talk highlighting a key takeaway that the Chainlink Network goes far beyond data delivery to power new features and applications for the fast-growing blockchain economy.


Chainlink is not just about data—it is about an oracle network—and oracle networks are responsible for everything that blockchains are not responsible for. An oracle network is not just about delivering data. It is about providing all the tools and services needed by a contract. Smart contracts run on blockchain platforms are hyper-secure and hyper-reliable, but they are low on feature-richness for security reasons. Oracles extend the capabilities of blockchains by offering decentralized services like off-chain computation.

Centralized systems have completely lost people’s trust in many cases and will continue to lose people’s trust in almost all cases. Centralized services from social media to communications to the financial system are being viewed even by the average person as unreliable. People no longer want to create long-term relationships with these institutions.

How the Chainlink Network Goes Beyond Data Delivery
Chainlink offers a wide-range of off-chain computation and decentralized services.

I think the middle ground between highly centralized, feature-rich systems and highly trust-minimized but low-feature blockchain systems is an oracle network. An oracle network sits between every use case and all of the blockchains that those use cases run on, providing blockchains with all the other services they need. All of the other services a blockchain needs are a huge universe of inputs that may start at providing different types of data but quickly moves on to trust-minimized computations that, generally speaking, blockchains usually don’t do and probably won’t do at scale. Oracle networks will expand to do trust-minimized computation, in addition to providing data, and the combination of these will enable a much wider realm of products to be built.

The middle ground between highly centralized, feature-rich systems and highly trust-minimized but low-feature blockchain systems is an oracle network.

The first thing that is becoming very popular in the blockchain gaming community is Chainlink’s Verifiable Random Function (VRF). VRF is working for many different blockchain games that already use it in production, and it’s going live on multiple blockchains. Anyone can easily use it on Ethereum to provide random inputs to games. Beyond that, we are finalizing some of our plans around Chainlink Keepers and the ability to maintain a smart contract’s proper operation through a Chainlink Network. This is important, once again, because even DevOps and maintenance of contracts are responsibilities of oracle networks, as these operations need to be trust-minimized. Even beyond that, I think developers can think about, “How do I use the expanded computational capabilities of Chainlink’s adapters to compute more and more advanced things in a trust minimized-way that doesn’t require me to disclose things to blockchains?”

The realm of services the Chainlink Network offers will continue to grow, so if you’re a developer and you want to build cutting-edge, truly world-changing applications, Chainlink is  fundamentally here to help you. The Chainlink Network is here to help the world’s developers make trust-minimized decentralized applications that will be the new way that society interacts around various information. To me, it’s apparent that is where society is headed because of the systemic and continued failure of trust relationships with centralized institutions like social media, other communication systems, and financial systems. Fundamentally, our goal is to accelerate the transition to a truly decentralized and fair economic system.

The People’s Bank of China (PBOC) has expanded the trials of their CBDC to the Hainan Province from April 12 to April 25
the-peoples-bank-of-china-pboc-has-expanded-the-trials-of-their-cbdc-to-the-hainan-province-from-april-12-to-april-25

It is reported that from April 12 to April 25, the People’s Bank of China (PBOC) will expand the CBDC trial to Hainan province. This was the first event in an attempt to normalize cryptocurrencies across China. Now the People’s Bank of China has also conducted the test in other provinces.

Hainan Province announces its first-ever CBDC event in an attempt to normalize the digital currency across China

The Digital Currency Electronic Payment (DC/EP) is a fiat currency designed to replace a system of reserve money. Currently in the testing process, but CBDC is still gradually being adopted in China.

Members of the Sanya municipal government, including their employees, businesses, and permanent residents, will be the main participants of this trial. The trial will raise awareness for the digital yuan, foster secure transactions with wide accessibility. Additionally, participants in this trial will receive a 15% discount for every 100 yuan spent on the island.

While CBDC trials continued across China, cities like Chengdu and Beijing have shown promising success. The second batch of trials was announced in Shanghai, Trường Sa, Qingdao, Xi’an, and Dalian.

Currently, the digital yuan is in beta in China. It is being piloted as a retail CBDC. In the future, though, the central bank aims to be able to interact with other countries. The PBOC and the Hong Kong Monetary Authority are currently testing the digital yuan for cross-border use.

Besides, PBOC has included the affiliated banks of digital payments giants, AliPay and WePay, in their trials to increase adoption. Due to this partnership, users with WeBank and MyBank accounts can now access their money using PBOC apps running CBDC. AliPay and WePay together dominate more than 93% of the digital payments market in China.

There are currently 573.6 million users for digital payment platforms in China. This number is expected to increase to 618 million by 2025 showing huge potential for a shopping mall in this market.

The city of Jackson is shaping up to be Tennessee’s cryptocurrency hub
the-city-of-jackson-is-shaping-up-to-be-tennessees-cryptocurrency-hub

The city of Jackson is shaping up to be Tennessee’s cryptocurrency hub. In the coming weeks, Mayor Scott Conger will form a blockchain task force to explore how to adapt the novel asset class.

Following Miami’s example, Jackson mayor Scott Conger plans to integrate cryptocurrencies into his city

Conger told that his plan is to encourage the use of cryptocurrency by incorporating it into the city:

“The plans are very simple right now. We want to encourage the use of cryptocurrency. I want to get people with a much greater knowledge of blockchain, than myself, in the room to discuss how we can incorporate cryptocurrency into our city.”

In 2020, Tennessee state representative Dennis Powers introduced a bill that calls for an in-depth study of blockchain technology, focusing on its use cases in banking, payments, lending, and other industries.

Jackson is the eighth largest city in Tennessee, but the rest of the state might be tempted to follow its lead due to exploding cryptocurrency adoption. Last week, the Bobby Hotel, one of the most popular hotels in Nashville, added cryptocurrency payments, a first for the state capital.

Conger says that he is taking pointers from Miami Mayor Francis Suarez, who is determined to refashion the South Florida city as the world’s biggest Bitcoin hub.

In February, city commissioners voted to explore Suarez’s proposal to pay municipal employees in Bitcoin and invest a portion of the treasury into the cryptocurrency. Should they proceed with the audacious plan, Miami would easily become the most crypto-forward city in the U.S.

In a March interview, Suarez also mentioned that he wanted to turn Miami into a Bitcoin mining hub, offsetting China’s dominance in the industry. Meanwhile, crypto exchange FTX recently scored a deal to rename Miami Heat’s AmericanAirlines Arena to FTX Arena.

[Bitstamp] Sameer Dubey joins Bitstamp as Chief Operating Officer

We’re excited to be welcoming another trusted leader from the world of finance to Bitstamp. Sameer Dubey has joined our team as our new Chief Operating Officer.

Sameer brings global leadership in fintech and traditional banking to Bitstamp, where he is taking charge of expanding our operational capabilities as we scale across our global businesses. He is joining us following stints with leading banks such as N26 and Barclays Bank.

At the German neobank N26, Sameer served as the Head of Operations for UK. Prior to N26, he spent over a decade in executive roles at Barclays on their Payments and Cash Management Product team. At Barclays, he also helped the major UK bank take its early steps into the world of blockchain and distributed ledger technology. We recently sat down with Sameer to ask him a few questions about why he chose Bitstamp and how he sees the journey forward.

You’ve built an impressive career at both traditional institutions and neobanks. What convinced you to shift your focus to crypto?

I’ve been engaged with the world of crypto for quite a while. At Barclays, I was one of the founding members of what we called the Blockchain and Distributed Ledger Council, and from that point, I started to see that, in the world of finance, this is probably the most fundamental shift that’s happened for hundreds of years. I saw myself playing a part in this world, so it was more a question of “when” than “if”. I was also familiar with Bitstamp, having been a customer for about four years. So, when the opportunity arose, I knew it would be a good fit.

How do you see the cryptocurrency industry evolving over the next few years?

I think that in a few years, we won’t really be talking about a cryptocurrency industry anymore. It will be another part of finance and innovative crypto businesses will be considered fintechs similarly to how N26 is perceived today. A lot of the groundwork for crypto to fully integrate into finance has already been laid in terms of the market infrastructure and the regulatory frameworks. Now, the trust from traditional players is starting to build up and cryptocurrencies, both as investable assets and as technological innovations, are getting a chance to prove what they can do on the biggest stage.

What part do you see Bitstamp playing in crypto’s evolution?

Bitstamp, from its inception, has been a cornerstone of the crypto industry – I expect us to continue playing that role. Additionally, as crypto merges with finance, the part we play is going to take on new meaning. Part of what makes this space so exciting is that we really can’t know where we’ll be in, let’s say, 10 years. From my perspective right now, I see Bitstamp continuing to provide best-in-class exchange services based on excellent trading technology and outstanding operations. We’re certainly going to build out that core with new assets and trading options, alongside launching brand new services like staking to build out a wider platform. The expertise we’re bringing in now, with leaders joining Bitstamp from various sectors of finance, will be essential on that journey and I’m excited about exploring the future with this team.

At Bitstamp, we’re continuing to bring in top talent and ramp up our global presence. To join Sameer and the rest of our team across Europe, US and Asia, visit our careers page .

CEX.IO Launches Crypto Savings Account Service With up to 20% APY

CEX.IO, a leading international cryptocurrency exchange, launches its Savings service as the newest solution in the fast-growing Earn ecosystem. Available in 171 countries, CEX.IO Savings offers users up to 20% Annual Percentage Yield (APY) on 19 different digital assets with the flexibility to move funds in and out of their accounts without any restrictions.

Similarly to savings accounts in the traditional finance industry, CEX.IO Savings offers users a way to generate a passive return on the digital assets they hold. However, unlike a savings account, the international exchange’s Savings product allows customers to add capital or withdraw their funds at any time without fees, expiration dates, or the requirement to lock their holdings for extended periods.

Currently, CEX.IO Savings users can earn interest between 2% and 20% APY on 19 different cryptocurrencies, including multiple stablecoins and DeFi tokens. However, the company is soon expanding its list of supported digital assets.

Users can earn interest in their cryptocurrencies in two ways within CEX.IO Savings. While Flexible Savings provides customers access to their funds any time they need, Locked Savings is for those who are planning to hold their digital assets for a longer time period. While users have to lock their assets until the expiration date, they can utilize this savings type to achieve higher returns with fixed interest rates. On the other hand, the APY for Flexible Savings is fixed on a daily basis. It is reviewed every 24 hours and will respond to the market conditions based on supply and demand.

CEX.IO launched its Savings service as part of the greater Earn ecosystem, which is centered around crypto users seeking to generate an extra income on their digital asset holdings. As the first solution in the Earn suite, CEX.IO launched Staking in 2020, a service that allows customers to earn rewards for locking up their tokens and maintaining the blockchain networks of cryptocurrency projects utilizing the Proof-of-Stake (PoS) consensus mechanism. One of the USPs of CEX.IO Staking is that CEX.IO takes on all the complexities of staking node management and technical integrations.

This allows CEX.IO Staking to guarantee fast capital withdrawals for our users to the extent that users can even place limit orders on our exchange with the assets they staked. This unique feature allows our users to keep generating a passive return on their staked asset while waiting for the price to increase up to the level when they would like to exit from their position.

Founded in 2013, CEX.IO is an international cryptocurrency exchange that offers a wide range of digital asset solutions to over 4 million customers. With a fast-growing ecosystem of innovative products, the London-based company serves all participants of the cryptocurrency market – from retail traders to institutional investors. With a robust, enterprise-grade service, CEX.IO’s multi-functional digital asset solutions feature cutting-edge security while being regulated in multiple jurisdictions, including the United States, Gibraltar, and Cyprus.

In July 2020 and February 2021, CryptoCompare ranked CEX.IO among the top 10 cryptocurrency exchanges worldwide in its Exchange Benchmark Rating. In both reports, the London-based company secured an A grade as well as the third spot in terms of security.

“The way the crypto market was developing in 2020 and 2021 provided digital asset holders a good deal of new options to earn. Staking, lending, and yield farming – to name a few. During the times we have spent in the DeFi sector, we noticed a demand among our users to earn passive income while holding crypto assets. For that reason, we decided to launch CEX.IO Earn, a new service within CEX.IO ecosystem allowing crypto owners to profit by contributing to the blockchain industry. After rolling out Staking and seeing the hugely positive market response, we are now launching Savings. With our new product, customers can earn interest after the coins they contributed on the platform while having the flexibility to withdraw their funds or increase their holdings to achieve better returns at any time,” Konstantin Anissimov, Executive Director at CEX.IO, stated.

GAMEE Token (GMEE) to Launch on Uniswap on 8 April 2021; Public Presale Sold Out in 7 Minutes; Concluded 2.2M USD Private Presale

7 April 2021 – Hong Kong –Animoca Brands and its subsidiary GAMEE announced that the GAMEE Token (GMEE) will launch on Uniswap on 8 April 2021 at 9 a.m. (UTC) at an opening price of 0.0888 USD, paired with ether (ETH), USD Coin (USDC), REVV, TOWER, and Lympo (LYM).

GAMEE held a public presale of GMEE on 2 April 2021 that sold out within 7 minutes. GAMEE has also concluded a 2.2 Million USD private presale of the GAMEE Tokens, with key investors including Metakovan from Metapurse (who recently bought Beeple’s “The First 5000 Days” at auction for 69.3 Million USD), OKEx’s Block Dream Fund, Mind Fund, Genesis Block, Smile Tech, Summit 33, Longling Capital, AKG Ventures, Everest Ventures, and other prominent angel investors.

Uniswap

GMEE is an ERC-20 fungible utility token designed to recognize and reward the efforts of players and to drive engagement on GAMEE’s social casual gaming platform. GMEE tokens have a variety of utility: they will serve as player rewards earned within GAMEE games, they will be used to pay for entry fees in special events, and they will have governance functions, including allowing token holders to vote on GAMEE roadmaps, game deployment, and the distribution of prize and rewards pools.

The supply of GMEE is fixed at 3,180,000,000 with all tokens minted at one time (contract address). More information on GMEE is available in the lightpaper.

Official launch on Uniswap on 8 April 2021

GMEE will be paired with ETH, USDC, REVV, TOWER, and LYM on Uniswap starting on 8 April 2021 at 9 a.m. (UTC). The opening price at launch is set to 0.0888 USD per GMEE. These GAMEE Tokens will be supplied by the GMEE Liquidity Pool (tokenomics and release schedule can be seen at this Medium post).

Successful GAMEE Tokens presale

On 2 April 2021, GAMEE held its first public presale of GMEE, hosted on the web site of its sister project REVV at https://revvmotorsport.com. 800 vouchers were available for this sale representing a total 5,000,000 GMEE. All vouchers were sold out within 7 minutes.

Vouchers will be redeemable for GMEE starting on 8 July 2021, three months after the token launch. The vouchers themselves are not locked and owners can now trade them without restriction on any secondary markets such as OpenSea. More information about the first public presale of the GAMEE Token can be found at the official Medium post.

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About GAMEE

GAMEE, a subsidiary of Animoca Brands, is a high-engagement hyper-casual gaming platform where users complete game missions, compete in tournaments and earn prizes for their activity. GAMEE was founded in 2015 in the Czech Republic and now has 25 million registered users. Start playing at https://www.gamee.com.

About Animoca Brands

Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Formula 1®, Marvel, WWE, Power Rangers, MotoGP™, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties and NBA Top Shot), WAX, Harmony, and Decentraland. Subsidiaries include The Sandbox, Quidd, Gamee, nWay, and Lympo. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.