Latest news with #Initia
Cision Canada
28-04-2025
- Business
- Cision Canada
MEXC Announces the Listing of MilkyWay (MILK) with 448,000 MILK and 50,000 USDT Prize Pool
VICTORIA, Seychelles, April 28, 2025 /CNW/ -- MEXC, a leading global cryptocurrency exchange, announces the upcoming listing of MilkyWay (MILK) on April 29, 2025 (UTC). To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 448,000 MILK and 50,000 USDT for both new and existing users. MilkyWay is a next-generation restaking protocol addressing security fragmentation across modular blockchains. As a liquid staking solution within the Celestia ecosystem and the leading restake protocol under Initia, it allows staked assets to secure multiple chains while improving capital efficiency through liquid staking (milkTIA) and AVS integration. It is currently integrated with over 10 DeFi protocols, including Osmosis, Levana, and Mars, offering users services such as trading, leverage, lending, and yield TVL currently reaches $190 million. $MILK is the governance token of the MilkyWay ecosystem. Holders can stake to support network security, vote on proposals, and earn rewards through staking, liquidity incentives, and ecosystem growth. 10% of the total supply is airdropped to Celestia TIA stakers as a tribute to early supporters. To celebrate the listing, MEXC will launch an Airdrop+ event from April 28, 2025, 13:00 to May 8, 2025, 10:00 (UTC). The event includes the following benefits: Benefit 1: Deposit and share 336,000 MILK (New user exclusive) Benefit 2: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users) Benefit 3: Invite new users and share 112,000 MILK (For all users) The listing of MilkyWay (MILK) is just the latest example of MEXC's dedication to bringing the most innovative and timely assets to its platform. According to the latest TokenInsight report, from November 1, 2024, to February 15, 2025, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, MEXC has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape. For full event details and participation rules, visit here. About MEXC Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto." Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
Business Upturn
24-04-2025
- Business
- Business Upturn
BYDFi Launches DOLO/USDT and INIT/USDT with a $10,000 Prize Pool
VICTORIA, Seychelles, April 24, 2025 (GLOBE NEWSWIRE) — The global crypto exchange BYDFi announced the official listing of Dolomite and Initia tokens, now available for spot trading under the pairs DOLO/USDT and INIT/USDT. To celebrate the launch, BYDFi has introduced a $10,000 prize pool, giving all participants the opportunity to earn rewards by trading. $DOLO: A Core Asset in the Berachain Ecosystem $DOLO is the native token of the Dolomite protocol, serving key functions in governance, liquidity incentives, and risk hedging. Dolomite is a decentralized finance (DeFi) platform built on Berachain that integrates a DEX module, enabling users to stake, lend, vote, and earn yield — all while maintaining full control of their assets, even when borrowing. Since its inception in 2018, Dolomite has become one of Berachain's leading lending protocols, known for its virtual liquidity model, multi-layered reward system, and cross-protocol compatibility. Its co-founder, Corey Caplan, now serves as the Head of Technical Strategy for the Trump-affiliated DeFi initiative World Liberty Financial (WLFI), helping evolve Dolomite's technical framework. The project has raised over $3.4 million from prominent investors, including Coinbase Ventures, NGC Ventures, and Polygon. $INIT: A Modular Layer 1 Built for the Future Initia ($INIT) is a modular Layer 1 blockchain powered by the Omnitia Consensus mechanism and built using the Initia Interwoven Stack. It is designed to overcome scalability limitations in traditional blockchains and enable seamless cross-chain interoperability and resource sharing. With innovations like Gas Abstraction and a dual-deflationary token model, Initia enhances overall performance and security while significantly lowering the user barrier to cross-chain operations. With innovations like Gas Abstraction and a dual-layer deflationary mechanism, INIT enhances performance, security, and cross-chain interoperability. Backed by leading VCs like Delphi Digital, Hack VC, and Theory Ventures, Initia has attracted over 5,000 developers, with a project valuation of $250 million. Multiple Rewards Now Live on BYDFi Starting today, users who trade DOLO/USDT and INIT/USDT on the BYDFi platform will not only have a chance to share in the $10,000 prize pool, but can also participate in the following limited-time bonus campaigns: More details are available on BYDFi's official platform. About BYDFi Founded in 2020, BYDFi has been recognized by Forbes as one of the Top 10 Global Crypto Exchanges and is officially listed on CoinMarketCap and CoinGecko. Serving users in 190+ countries, the platform is trusted by over 1,000,000 users worldwide. As an official sponsor of Token2049 in Dubai, BYDFi welcomes users and partners from around the world to connect in person and discuss the future of Web3. BYDFi is committed to delivering a world-class crypto trading experience for every user. BUIDL Your Dream Finance. Twitter( X ) | LinkedIn | Facebook | Telegram | YouTube Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
