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LaCucina launches DeFi engagement platform democratizing the crypto landscape

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LaCucina, the fair DeFi engagement platform, is coming out of stealth, planning to officially launch on the Binance Smart Chain, the first one on the blockchain to offer regular users a way to enjoy DeFi even more. Through its advanced engagement enhancing program, the platform will offer a variety of engagement enhancement opportunities to users who used selected decentralized exchanges. As part of the launch campaign, LaCucina will allocate perks to users who provide liquidity to select liquidity pools on Uniswap, Pancake, and Sushiswap in summer 2021. The users will not have to do any additional staking or pull their tokens out of the DEXs to claim their rewards. The platform’s flexible engagement enhancing system, or Cooking Plans, is designed to prioritize factors other than the stake size, such as the time when the stake was made, its duration, and other engagement factors. This allows small users to punch above their weight with well-timed and committed engagement.

Many DEXs and farms offer lucrative opportunities with high-percentage yields, yet they are often designed to mainly benefit the crypto whales, essentially allowing the rich to get far richer, while those who hold less see very slow growth. These benefits derive from staking protocols that mostly reward users who stake large sums into the liquidity pools rather than for their dedication to bringing liquidity, no matter what the staking amount. LaCucina evens the playing field by rewarding engagement in a more fair, fun, and flexible way.

The platform currently employs a four-pronged engagement enhancing system for its users to encourage DeFi engagement, distributing the platform’s native utility “LAC” token. The programs enable users to maximize their yields in a fun and unique rewards experience in the following fashion:

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  • External farming: Users who stake their tokens into promoted liquidity pools at the top 10 select decentralized exchanges may receive “LAC” tokens in LaCucina’s “Ovens” (equivalency of farms), which serves as an additional engagement layer on top of other DEXs.
  • Rewards multiplier system: Each of LaCucina’s “Oven” will have its own tailored set of “Cooking Plans”—specific engagement enhancing policies that may prioritize early and/or lasting liquidity provision, resulting in small users enjoying DeFi more than in any other platform.
  • Cooking up dishes: The LAC token can be used, among other things, to get “Secret Ingredients”—special NFTs, such as “Space Mushrooms” and “Martian Worms.” These NFTs are created and released on an on-going basis and will represent an image of a specific ingredient. These NFTs could be used to “cook” a pizza, zuppa, pasta, or other non-transferable NFT “dishes,” which are not only visually appealing, but will also carry a multiplier value that may boost user earnings in the “Ovens” to a greater extent.
  • NFT avatars: Users can mint specialized alien avatar NFTs to compliment the exosystem. The NFTs are guaranteed to be unique, distinctive, minted on the blockchain, and fully owned by the user. The NFTs are theme-related, with the Genesis Theme (expected in early December 2021) consisting of a limited 10,000 avatars. Future series will be announced by LaCucina.

“LaCucina was born out of the necessity for projects to create appealing and attractive ways to incentivize users to engage with and promote such projects. None of the existing DEXs and farms out there offer the level of flexibility that LaCucina offers, resulting in biased allocations of rewards, in such a way that the rich get richer and the small players do not stand a chance of properly enjoy DeFi,” says LaCucina’s Head Chef. “But the vision doesn’t stop there. LaCucina is planning on being the most impartial launchpad for crypto projects, facilitating direct engagement between projects and users and allowing projects to directly reward users for their engagement with the project. LaCucina’s roadmap for the near future offers a truly special product and aims to set a new  standard for launchpads.”

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Metalottery Launches Blockchain Lottery Revolution: Zero Fees, Instant Wins and Life-Changing Jackpots in Crypto

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A brand-new online lottery portal built on blockchain technology is shaking things up in the world of chance. Metalottery, the first-ever decentralised blockchain lottery platform, officially launched, introducing a new era of transparent, thrilling and rewarding lottery gaming. By combining cutting-edge blockchain technology with the excitement of lotteries, Metalottery offers players unprecedented fairness, security and the potential to win life-changing prizes.

“Metalottery is not just another lottery; it’s a paradigm shift. We’re giving power back to the players by offering a transparent, secure, and exciting lottery experience that’s built for the web3 age,” Dioni Bouropoulos, COO of Poollotto Finance, said.

Unlike traditional lotteries, Metalottery uses Chainlink’s Verifiable Random Function (VRF) to ensure provably fair and unbiased results for every draw. And with new lottery rounds starting every 8 hours, players can enjoy the thrill of winning more often than ever before.

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At the heart of Metalottery is the PLT token, the fuel of the platform’s ecosystem that players can use to purchase tickets. Metalottery makes purchasing Pool Lottery Token (PLT) available and straightforward on their website. Players can also spin the “Wheel of Fortune” for additional rewards as well as participate in a growing community of lottery enthusiasts on Telegram and Discord.

Bouropoulos added: “Our platform is designed to be inclusive and accessible to a global audience. By combining innovative technology with a user-friendly interface, we empower players to take control of their lottery journey. We are charging no fees for participation and all proceeds from tickets go towards the jackpot. Our goal is to build the biggest lottery community in the world.”

The post Metalottery Launches Blockchain Lottery Revolution: Zero Fees, Instant Wins and Life-Changing Jackpots in Crypto appeared first on European Gaming Industry News.

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JuicyBet Launches Its Innovative GambleFi Platform

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 JuicyBet, a Web3 startup, announced the launch of its GambleFi platform. This platform combines finance technology and gambling via blockchain to create unique opportunities and experiences for users. The company strives to revolutionize the principles of the online betting industry and the interaction between platforms and users in this market.

What is GambleFi?

GambleFi uses blockchain technology to ensure the fairness and transparency of games and betting outcomes and for players to get their share of the platform’s earnings and participate in its governance and day-to-day by holding its tokens.

How JuicyBet works

JuicyBet fully utilizes blockchain technology to establish a new ecosystem that has never been seen in the gambling industry. It is centered around user participation and transparency while providing gambling thrills and quality entertainment.

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All game records on the platform are kept in a public blockchain, while a set of smart contracts automates gaming outcomes and payouts and provides for the platform governance via the DAO model. This reduces fraud risks and operational costs, making JuicyBet a more efficient platform.

However, the platform’s main feature is the unprecedented level of user engagement via the platform’s native tokens.

  • First, the tokens provide access to betting.
  • Second, token holders get their share of the platform’s profit.
  • Third, token holders can vote on key decisions on the platform’s development in JuicyBet DAO.
  • And finally, DAO participants can also perform the role of oracles for bets and earn rewards.

In other words, JuicyBet doesn’t try to be just another gambling platform. It establishes a new ecosystem where users are in control of the platform and bets and are the beneficiaries of the platform.

In addition, JuicyBet offers additional earning opportunities, such as Double Farming and staking for token holders.

JuicyBet has already been noticed by users and investors – the platform’s 3-month turnover has exceeded $1,5 million, according to on-chain data available via Dune, and multiple centralized exchanges and launchpads have listed it.

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Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity

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Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

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This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.

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