Latest news with #MartiniMarket
Business Upturn
10 hours ago
- Business
- Business Upturn
Martini Market Presale Surpasses 40% of Softcap Within 24 Hours of Launch on XRP Ledger
By GlobeNewswire Published on June 21, 2025, 19:02 IST DUBAI, United Arab Emirates, June 21, 2025 (GLOBE NEWSWIRE) — Martini Market , the decentralized prediction market platform being developed on the XRP Ledger (XRPL), has confirmed that its $MRT token presale has exceeded 40% of its initial softcap target within 24 hours of launch. The strong early participation reflects rising interest in emerging use cases within the expanding XRP ecosystem. The presale, which opened on June 19 at 3 PM UTC, offers 4 million $MRT tokens to the public out of a total supply of 10 million. The softcap is set at 50,000 XRP, and the hardcap is capped at 250,000 XRP. According to the project team, over 20,000 XRP has already been contributed in the first 24 hours. Martini Market positions itself as the first decentralized, on-chain prediction platform built directly on the XRP Ledger. It aims to enable users to create and participate in outcome-based markets tied to real-world events. These include sectors such as politics, sports, finance, and global affairs, resolved via oracles and on-chain automation. The $MRT token is designed as a core utility asset within the Martini Market ecosystem. According to the team, its intended functions include governance participation, staking, and market creation. Platform users holding specific quantities of $MRT will have access to additional roles and benefits once the platform is live. The project launch comes amid a period of notable development across the XRP Ledger. Ripple's recent regulatory progress in the UAE, including DFSA approval and partnerships with Zand Bank and Mamo, along with the integration of USDC and RLUSD, and the introduction of an EVM-compatible sidechain, have contributed to an environment increasingly supportive of DeFi protocols. 'The early demand for $MRT appears to reflect an appetite within the XRPL community for decentralized tools that go beyond payments,' said a Martini Market spokesperson. 'Prediction markets are widely used on other blockchains, and bringing this functionality to XRPL could open a new chapter in its utility-driven growth.' The $MRT token is currently being offered at a presale rate of 1 XRP = 16 MRT. Post-presale, the listing price has been set at 1 XRP = 11 MRT, representing a difference of approximately 30% from the presale valuation. The presale is expected to run for up to 30 days, though it may conclude earlier if the hardcap is reached. In addition to governance and market participation, $MRT will also be used to incentivize liquidity providers and potentially reward staking participants. Specific platform mechanisms will be detailed further as the protocol approaches mainnet deployment. Martini Market has not made any financial projections or investment claims regarding $MRT. The team emphasizes that participation in the presale is subject to personal discretion and recommends that users conduct independent research before contributing. For more information on Martini Market's presale structure, roadmap, or token details, users are encouraged to visit the official website and verified community channels. Official ChannelsWebsite: @MartiniXRPLTelegram: Discord: Contact:Picard Beaumont [email protected] Disclaimer: This is a paid post and is provided by Martini Market. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Upturn
27-05-2025
- Business
- Business Upturn
Introducing Martini Market: A Decentralized Prediction Market on the XRP Ledger
By GlobeNewswire Published on May 28, 2025, 02:50 IST DUBAI, United Arab Emirates, May 27, 2025 (GLOBE NEWSWIRE) — As the XRP Ledger (XRPL) continues its evolution into a robust platform for decentralized finance (DeFi), the emergence of innovative applications is reshaping the landscape. Among these, Martini Market stands out as the first decentralized prediction market built natively on XRPL, offering users a platform to speculate on real-world events with speed, security, and transparency. Why Martini Market Matters Martini Market introduces a novel approach to prediction markets by leveraging the inherent advantages of XRPL: Rapid Settlement: Transactions settle in seconds, ensuring timely execution of bets and payouts. Transactions settle in seconds, ensuring timely execution of bets and payouts. Low Fees: XRPL's efficient design translates to minimal transaction costs, making micro-betting feasible. XRPL's efficient design translates to minimal transaction costs, making micro-betting feasible. Decentralization: Built on a public blockchain, Martini Market operates without intermediaries, enhancing trust and accessibility. These features position Martini Market to serve a global audience interested in forecasting outcomes across various domains from politics and sports to cryptocurrency price movements. The $MRT Token: Powering the Ecosystem Central to Martini Market's functionality is the $MRT token , which serves multiple roles within the platform: Market Creation: Users stake $MRT to propose new prediction markets, ensuring commitment and reducing spam. Users stake $MRT to propose new prediction markets, ensuring commitment and reducing spam. Governance: Token holders participate in decision-making processes, influencing platform developments and policies. Token holders participate in decision-making processes, influencing platform developments and policies. Staking Rewards: By staking $MRT, users can earn a share of platform fees, aligning incentives with the platform's growth. This multifaceted utility fosters an engaged community and promotes the sustainable development of the Martini Market ecosystem. Aligning with XRPL's DeFi Trajectory Martini Market's launch coincides with XRPL's strategic push into institutional DeFi. Recent developments include the introduction of automated market makers (AMMs) and the anticipated deployment of an Ethereum Virtual Machine (EVM) sidechain, enhancing XRPL's programmability and attracting a broader range of decentralized applications. These advancements create a fertile environment for platforms like Martini Market to thrive, offering users innovative financial tools within a secure and scalable infrastructure. Explore Martini Market To learn more about Martini Market and participate in the evolving world of decentralized prediction markets, visit our official channels below. Join us as we build the polyMarket of the XRP Ecosystem. Contact:Picard Beaumont [email protected] Disclaimer: This is a paid post and is provided by Martini Market. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. GlobeNewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
