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ReelToken providing a crypto solution for M&E industry, built on Polygon (Matic) and Binance Smart Chain (BSC) blockchains The technology has the ability to add future or existing blockchains to further ensure the best value, speed, reliability, and security Indias latest Web3 integrated social media platform, ReelStar has announced that its decentralised blockchain token, ReelToken (REELT), is now listed on Gate.io and other leading exchanges, including Bitmart, MEXC, and BKEX. The token is set to launch globally on 23 March.

ReelToken (REELT) is a unique cryptocurrency solution for the media and entertainment industry, offering smart contract functionality and multi-blockchain infrastructure on the POLYGON (MATIC) and Binance Smart Chain (BSC) blockchains. This enables holders of ReelToken to securely hold, exchange, and use REELT for discounted goods and services within the ReelStar App, and to efficiently convert them to fiat or other cryptocurrencies.

The ReelStar app is the first user-centric, blockchain-integrated mobile-first platform for content creation and sharing for all types of media. It is a seamless and easy-to-use platform, employing a full range of NFTs, to allow users to easily create and monetise content for a global audience with the in-app marketplace for artists' and creators' content. Within the app, users can trade crypto and NFTs, communicate through an end-to-end encrypted peer-to-peer chat system and access their safe and secure ReelPay digital wallet.

''Our platform is designed to provide a global audience and marketplace for artists and creators to monetize their content,'' said Navdeep Sharma, Co-Founder, ReelStar. ''We are excited to partner with Gate.io, MEXC and other top exchanges to bring ReelToken to a wider audience, and to provide an easy-to-use platform for anyone to access and leverage Web3 and future technologies for both entertainment and profit.'' ReelStar's multi-blockchain infrastructure provides cost efficiencies, and redundancies and has the ability to add future or existing blockchains to further ensure the best value, speed, reliability, and security. The platform is highly scalable, reliable, and cost-conscious, and safeguards security with leading-edge standards in protocols, encryption, and authentication.

ReelStar is the first mobile video and entertainment application based on a Web3-enabled platform, able to provide integrated access to the Metaverse/Omniverse. The platform will facilitate positive, meaningful, and beneficial local and global communities, providing a safe, secure, and private environment for sharing, communication and collaboration.

In November 2022, veteran cricketer Irfan Pathan launched ReelStars logo in Australia. It is also the title sponsor for Celebrity Cricket League in India, the Creator United Awards 2023, and the upcoming Nora Fatehi and Guru Randhawas The Unity Tour in Australia. ReelStar has raised USD 5 mn from just the first two stages of its Initial Token Offering (ITO), REELT. The ITO was capped at 5% of 15 billion tokens. About ReelStar ReelStar is the latest Web3 integrated social media platform, created with a revolutionary vision to globally democratize access to Web3, metaverse, and future technologies. The companys goal is to bring the everything app - a functional, easy-to-use, private, and secure social media, video streaming, messaging and payments platform. This will open a bridge to the Web3 Metaverse beginning with their NFT minting and open NFT marketplace/platform. Indian, born and raised, serial entrepreneurs, Navdeep Sharma and Nick Bahl, now based in Australia, are the co-founders of this breakthrough app. The entire ReelStar ecosystem is powered and enabled by the blockchain utility token, ReelToken (REELT).

For more information, please visit website http://www.reelcrypto.io. Image: ReelToken

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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ReelStar's ReelToken (REELT) Gets Listed on Gate.io, MEXC and Other Top Asian Exchanges - Devdiscourse

Over the last few months, Chainlink [LINK] has built many products and services to integrate with different systems in the crypto space. However, LINK has seen little growth despite the developments made by the network.

Is your portfolio green? Check out the Chainlink Profit Calculator

Over the last month, the price of LINK fell by 7.21%, according to Messari.

This price of LINK, however, could be positively impacted by Chainlinks plans for the future. According to their recent announcement, new developments are being made for their line of products, including VRFs (Verifiable Random Functions), CCIPs (Cross-Chain Interoperability Protocol), and Price Feeds.

If these additions improve the state of their products, it could attract more users to the Chainlink network.

However, at press time, the overall demand for one of Chainlinks popular products, VRF, started to fall. According to Dune Analytics data, the number of requests for VRF on the Binance Smart Chain decreased from 21,378 to 10,892 over the last three months.

It remains to be seen whether the new upgrades will be enough to regenerate interest in the protocol.

The declining interest in Chainlink products also impacted the tokens revenue. According to Defi Llamas data, the week-on-week revenue generated by Chainlink fell materially.

In terms of social hype, Chainlink wasnt able to keep up, either. According to data provided by Lunar Crush, the number of social mentions and engagements for Chainlink dropped by 8.9% and 9% respectively.

Realistic or not, heres LINKs market cap in BTCs terms

The weighted sentiment for LINK also declined during this period, suggesting that the crypto community had more positive than negative things to say about LINK.

Coupled with that, the daily active addresses on the network fell over the last few weeks. This was also indicated by the falling velocity of LINK. The network growth for LINK also decreased during this period, suggesting that new addresses were not as interested in LINK at the press time price.

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How will Chainlink [LINK] fare in the next quarter? This data suggests - AMBCrypto News

The USDT announcement made by Telegram, however, did not have an immediate positive rally on the TON price.

Telegram Messenger is slowly transforming into a giant Web3 protocol through the TON blockchain. The instant messaging app has added the largest stablecoin by daily traded volume and market capitalization, Tether (USDT), to its wallet bot. As a result, Telegram users can send, receive and pitch USDT, Bitcoin, and TON coins seamlessly via chats.

The addition of Tether (USDT) to Telegrams bot marketplace enriches the users ability to navigate the crypto market amid heightened volatility. Moreover, stablecoins were designed to provide crypto traders an umbrella during heightened volatility to shield profits. Additionally, Tether (USDT) is widely accepted following the collapse of Binance-backed BUSD and the recent de-pegging of Circles USDC.

With Tether (USDT) available on several chains, including Binance Smart Chain, and Ethereum, among others, the company has not clarified which chains will be supported on the Telegram Bot wallet. Nonetheless, the integration of USDT is a significant leap in global cryptocurrency adoption.

Competition in the social media industry has forced existing companies to adopt blockchain technology through metaverse, and NFTs, among others. Telegram Messenger is a huge competitor to Metas WhatsApp and its Facebook Messenger, with over 550 million global users. Integrating the cryptocurrency market into the Telegram Messaging platform will significantly widen its international market.

Moreover, the cryptocurrency market is a trillion-dollar industry, expected to grow a hundred folds in the decades to come.

With the potential to disrupt traditional financial institutions, Telegram Messenger takes pride in over 2.3 million accounts and 311 validators who have facilitated nearly 120 million transactions.

Although not directly connected with Telegram, the Ton Foundation aims to compete with other top-layer 0 blockchains like Solana and Ethereum. Furthermore, the TON network takes pride in a market capitalization of approximately $2,849,756,004 and a 24-hour trading volume of about $32,261,890.

The USDT announcement, however, did not have an immediate positive rally on the TON price. According to market data from Coinmarketcap, TON coin exchanged around $2.34, down approximately 3.22 percent in the past 24 hours.

With a current circulating supply of about 1,221,401,181 TON coins out of 5 billion, the Ton Foundation earlier this month initiated a vote to free inactive early miners who hold most of the TON coins. However, some have argued that it would set a dangerous precedent for the decentralization aspect of the blockchain as early investors would be discriminated against on the grounds of being long-term holders.

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Telegram Adds Tether (USDT) to Its Wallet Bot Allowing Users to Transfer via Chats - Coinspeaker

Cryptocurrency has been a topic of discussion for a while now, and for a good reason. With the rise of Bitcoin, people have become more interested in the world of digital currency. As the market fluctuates, staying updated on the latest news and trends in the crypto space is essential. This article will discuss three cryptocurrencies investors should consider investing in before the next bull run begins: Tron, Polygon, and Avorak AI.

Tron is a blockchain-based decentralized platform that aims to create a free, global digital content entertainment system. It was founded in 2017 by Justin Sun, a former Ripple representative. Trons primary focus is on the entertainment industry, and it has already partnered with several companies in the space. The platform is designed to allow users to share their content without needing a middleman.

One of the most significant advantages of Tron is its scalability. The platform can handle up to 2,000 transactions per second, making it an excellent option for those looking for a fast, efficient blockchain network. Another critical feature of Tron is its ability to handle smart contracts, which allows for the creation of decentralized applications (dApps) on the blockchain.

Polygon, formerly known as Matic Network, is a Layer-2 scaling solution for Ethereum. It was created to address some of the scalability issues that Ethereum has been facing. Polygon operates as a sidechain of Ethereum, meaning it runs parallel to the main Ethereum network.

One of the critical benefits of Polygon is its ability to handle high transaction volumes. The platform can handle up to 7,000 transactions per second, making it one of the fastest available blockchain networks. However, its advantages have to be questioned now that Ethereum has switched to Proof-of-stake (PoS) and can handle many more transactions than before.

Avorak AI is a new project that is currently in the presale phase. It is a decentralized artificial intelligence platform that aims to provide users access to cutting-edge AI technology. These powerful AI tools include chatbots, image creation tools, and the hyped trading bot.

An experienced team of AI engineers leads the protocol and machine learning experts developing the platform on the Binance Smart Chain, leveraging its fast transaction speed and cheap gas fees.

Avorak AIs presale has been selling out fast, with early investors reaping the benefits of low prices and steep bonuses. Moreover, with the end of Phase Two, the price per AVRK token will increase, offering investors instant profits.

In conclusion, Tron, Polygon, and Avorak AI are three cryptocurrencies investors should consider investing in before the next bull run begins. Trons scalability and focus on the entertainment industry make it a promising investment. In contrast, Polygons ability to handle high transaction volumes and partnerships with companies like Disney makes it an attractive option. However, Avorak AIs focus on powerful AI trading bots makes it the most promising candidate to turn your portfolio 10X or more.

Learn more here:

Website: https://avorak.ai

Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosurehere.

Photo by Traxer on Unsplash

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Invest in Tron, Polygon, and Avorak AI Before The Next Crypto Bull ... - The VR Soldier

Galxe Expands to Avalanche, Accelerating the Growth of NFT Communities Across the Ecosystem

SAN FRANCISCO, March 21, 2023 (GLOBE NEWSWIRE) -- Galxe (GAL), the leading platform for building web3 communities, announced today the launch of its collaboration with Ava Labs, a core developer of the Avalanche (AVAX) blockchain, to integrate Galxes proprietary On-chain Achievement Token (OAT) within the Avalanche ecosystem. Avalanche is the fastest smart contracts platform as measured by time-to-finality. With more than 54 million Galxe ID users and over 1,900 ecosystem partners, Galxe is a top 10 dApp across all blockchains, and welcomes Avalanche into its robust ecosystem.

Avalanche joins Polygon, Optimism, Arbitrum, BNB Chain, and others, as Galxes trusted ecosystem partner with the launch of the Avalanche OAT. This easy, no-code, gasless solution enables Avalanche dApps to reach millions of highly engaged web3 users with reward-based loyalty programs.

We are incredibly thrilled to partner with Avalanche to offer its dApp builders the opportunity to deepen their relationships with their communities, and users the chance to earn rewards by engaging and contributing to their favorite communities, said Charles Wayn, Co-Founder of Galxe. At Galxe, we endeavor to become the hub for all communities across all blockchains, and this collaboration with Avalanche signals a significant step towards achieving our mission.

To date, the Polygon OAT has over 10.3 million mints and is one of the top erc-721 contracts on Polygon. Similarly, the BNB OAT has over 5.2 million mints. The irrefutable success of partnering with Galxe continues to propel powerful collaborations between the leading blockchains in the ecosystem, such as Avalanche. One of the first use cases within the Avalanche ecosystem will launch on May 3rd, during the Avalanche Summit in Barcelona, Spain.

Were thrilled to partner with Galxe in a closer way to bring more awareness to our communities, marketplaces and NFT projects. Excited to help kick off our NFT initiatives for 2023 and beyond, said NFT and Art BD Lead at Ava Labs, Dominic Carbonaro. Galxe has a proven track record of driving awareness and adoption of ecosystems. Were excited to see everything theyll bring to the Avalanche ecosystem.

In the coming months, Avalanche and Galxe will launch a series of campaigns to support ecosystem initiatives https://blog.galxe.com/ .

About Galxe: Backed by Multicoin Capital, Dragonfly Capital, Spartan Group, Solana Ventures, Coinbase Ventures, Binance Smart Chain Growth Fund and others; Galxe is the leading platform for building web3 community. With over 54 million Galxe ID users, Galxe has propelled the growth of Optimism, Polygon, Arbitrum, and more than 1900 partners with reward-based loyalty programs. Start your campaign today at galxe.com !

About Ava Labs: Ava Labs makes it simple to launch decentralized finance applications on Avalanche, the fastest smart contracts platform in the blockchain industry. We are empowering people to easily and freely digitize all the worlds assets on one open, programmable blockchain platform. Ava Labs was founded by Cornell computer scientists who brought on talent from Wall Street to execute their vision. The company has received funding from Andreessen Horowitz, Initialized Capital, and Polychain Capital, with angel investments from Balaji Srinivasan and Naval Ravikant.

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Galxe Expands to Avalanche, Accelerating the Growth of NFT ... - InvestorsObserver