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MarginX, World’s First Community-Based Decentralized Exchange, Launches on Function X Blockchain

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Grand Cayman, Cayman Islands, 8th November, 2022, Chainwire

MarginX, the world’s first community-based decentralized exchange (DEX), launches on the Function X blockchain today. It runs on a first-of-its-kind multi-chain and on-chain infrastructure that allows investors to trade with close to zero gas fees, ultra-high throughput and liquidity, and full ownership and transparency.

During its beta test in August this year, the DEX accumulated a total transaction volume of more than 45 billion USDT. Currently, with a small group of invited users, the number of transactions on MarginX continues to steadily climb past 48 million, with the most updated numbers found on the Function X StarScan (https://starscan.io/).

“Today marks a milestone for not just MarginX but the DeFi ecosystem, as we push forth the notion of true decentralization, and uphold the values of community and ownership through our unique DEX infrastructure,” said Dr. Danny Lim, Core Contributor of MarginX. “We are thrilled to be building on the Function X blockchain, as it provides us with the multi-chain architecture and EVM compatibility that sets the right DeFi environment for MarginX and its future DeFi protocols.”

MarginX: A Truly Decentralized DEX for the Community

As the world’s first community-based DEX, MarginX is committed to being a contributor-driven, fully decentralized blockchain infrastructure. To further elaborate, the DEX can be defined by the following key features:

  1. Super Low Transaction Fees
    MarginX runs on a multi-chain, cross-chain and para-chain infrastructure that allows the platform to handle a throughput of 2,000–20,000 transactions per block, while reducing congestion in the blockchain — thereby maintaining gas fees as low as 0.003 USDT and transaction fees as low as 0.04%.
  2. Users Control Their Assets
    Funds are traded through non-custodial wallets, and all transactions take place on-chain so they are secure, verifiable and transparent. Currently, MarginX supports f(x)Wallet and is designed to support all decentralized wallets (i.e. MetaMask, Trust Wallet) through WalletConnect in the near future.
  3. Full Visibility and Access
    All transactions run on-chain and are recorded on the blockchain. These include not just order matching, creation and cancellation, but also funding rate settlement, liquidation, and governance. Anybody can track and scrutinize these records, forming a fair system of checks and balances.
  4. Connecting TradFi and DeFi
    MarginX lays the foundation for where other DeFi products can be built upon, including stock-based derivatives or traditional financial assets. The DEX allows anyone to design and build their own DeFi products on the blockchain, and offers tools that bridge the old and new traders of the financial world.
  5. By the Community, for the Community
    At MarginX, every stakeholder, whether a developer, community manager, or trader, has a say through its governance framework. The MarginX utility NFT system also determines each user’s voting rights, trading rebates and referral fees, which builds a sense of community, and offers users an additional and perpetual source of yield.

In addition, in never-before-seen DEX style, MarginX offers a paper trading platform (https://demo.marginx.io) that runs parallel to its live trading platform. This is to allow new users to learn with ease using test tokens, in order to trade confidently in the real world.

“Our goal is to have people think about MarginX as more than just a DEX — it is an entire infrastructure on which DeFi protocols can be built upon,” said Dr. Shin Liang Chin, Core Contributor of MarginX. “The sky is the limit when it comes to future partnerships and developments, and we are excited to be at the helm of such a direction for the industry. We hope to make finance more accessible, more transparent and more secure for everyone through the use of blockchain technologies.”

Currently, MarginX facilitates the trading of cryptocurrency-based perpetual contracts for BTC, ETH and FX. In keeping consistent with the values of community and ownership, MarginX will not involve any ICO, IEO, token sale or NFT sale, so as to level the playing field for all.

For more information, please refer to our media kit (https://bit.ly/mxmedia) or our website (https://marginx.io).

About MarginX

MarginX is the world’s first community-based decentralized exchange built on the Function X network, and running via a multi-chain and on-chain infrastructure. It aims to bridge the traditional financial markets and cryptocurrency world by providing a platform where investors can buy, sell and create derivative products of any financial asset, and where every stakeholder has a say in the future of the platform.

Contact

Marketing & Communications Lead
Dione Chen
MarginX
[email protected]

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

Mining Contracts From $10: How To Invest And Earn Passive Income With Mining

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m

As more players enter the cryptocurrency market, mining becomes more complex and requires more computing power. As a result, many people who previously used their own equipment for cryptocurrency mining now find it unsustainable: high electricity bills and wear and tear on the equipment. Therefore, cloud mining is becoming an increasingly attractive option.

In the partner material, we go into more detail about its features and how it will help increase passive income.

What is cloud mining

Cloud mining is a mechanism that uses leased cloud computing power to mine cryptocurrencies such as Bitcoin. Hardware setup and startup, no software installation required.

Cloud mining companies make mining even more affordable by allowing you to open an account and participate in cryptocurrency mining remotely at rock-bottom prices. Since mining takes place in the cloud, there are fewer issues with equipment maintenance or direct electricity costs.

How to start cloud mining

Here are the basic steps you need to take before getting started.

Step 1: Choose a Cloud Mining Provider

CGMD Miner is a popular and powerful cryptocurrency mining platform and an excellent resource for passive income. CGMD Miner is a free Bitcoin mining program that allows you to passively earn Bitcoins without any strings attached, regardless of technical knowledge or financial resources. Once $12 worth of Bitcoins are mined, they can be transferred to your account and traded. Any profits are yours and you can withdraw them to your personal wallet.

Platform advantages:

Get $10 immediately after registration;

High levels of profitability and daily payout;

No additional services or administrative fees required;

Other currencies can be generated;

The company’s Partner Program allows you to invite friends and earn up to $3,000 in referral bonuses;

McAfee security? Cloudflare® security protection;

24/7 technical support.

Step 2. Register an account

Go to the provider of your choice and sign up to create a new account.

CGMD Miner offers a simple registration process: all you need to do is enter your email address. After signing up, you can start mining Bitcoin immediately.

Step 3. Purchase a Mining Contract

Miner CGMD offers a variety of mining contract options: packages ranging from US$100 to US$5,000, each package has its own return on investment and a certain contract validity period. Right now:

The day after the contract is purchased, the revenue starts flowing in. When $100 is reached, the money can be withdrawn to a crypto wallet or continue to purchase other contracts.

Step 4: Earn passive income

Cloud mining is a great way to increase your passive income. Cryptocurrency capital can be grown via “autopilot” mode with minimal time outlay – less than any type of active trading. Passive income is the goal of every investor and trader, and with CGMD miners, achieving it is easier than ever.

CGMD Partner Program

Miner CGMD also offers an affiliate program, a platform that allows you to earn money by recommending the site to others. You can make money even without investing. A fixed one-time bonus of up to $3,000 will be charged for inviting positive referrals.

For more information about CGMD mining machines, please visit the official website https://365miner.com/

Read Also: OKX Achieves SOC 2 Type II Certification, Demonstrating its Industry-Leading User Safety, Security and Compliance Standards

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

OKX Achieves SOC 2 Type II Certification, Demonstrating its Industry-Leading User Safety, Security and Compliance Standards

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Hong Kong, Hong Kong, September 20th, 2023, Chainwire

OKX, a leading crypto exchange and Web3 technology company, today announced that it has successfully completed the Service Organization Control (SOC) 2 Type II audit, demonstrating that the company’s processes for governing its services, managing sensitive data and protecting data privacy meet the highest global standards.

The internationally recognized SOC 2 Type II report, a framework developed by the American Institute of Certified Public Accountants, is one of the most comprehensive audits in the market. The report, completed by an independent external auditor, reviews a company’s policies, procedures and controls over an extended period of time.

Achieving SOC 2 Type II certification is a testament to OKX’s unwavering efforts in ensuring the highest possible standards of safety, security and compliance. It also mirrors OKX’s core operating philosophy and commitment to security, transparency and trust.

This certification underscores the protocols and safety measures OKX has implemented to ensure a premium experience on its industry-leading platform. Moreover, these measures affirm that OKX’s infrastructure specifications, service availability and robustness adhere to stringent criteria, solidifying its position as one of the world’s most secure platforms.

OKX President Hong Fang said: “Completing the SOC 2 Type II audit is an important achievement for OKX, because of the reassurance it provides to all our users, and the diligence and time commitment required in the pursuit of this certification. It demonstrates that OKX is operating at standards comparable to tech giants and traditional finance services firms, as well as our commitment to implementing such standards and practices throughout OKX’s global operations. OKX’s goal is to build the world’s most secure and reliable Web3 ecosystem, and this latest milestone is another crucial step towards our vision.”

About OKX

OKX is a leading global crypto exchange and Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Contact

Media
[email protected]

Read Also: OKX Switch McLaren MCL60 Race Car To Stealth Mode For The Singapore Grand Prix

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

OKX Switch McLaren MCL60 Race Car To Stealth Mode For The Singapore Grand Prix

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SINGAPORE, SINGAPORE, September 14th, 2023, Chainwire

McLaren Racing and OKX, a leading Web3 technology company and Official Primary Partner of the McLaren Formula 1 Team, today revealed a limited-edition Stealth Mode livery design to be carried on the McLaren MCL60 F1 cars at the 2023 Singapore Grand Prix (15-17 September) and the 2023 Japanese Grand Prix (22-24 September).

The Stealth Mode livery was co-designed by OKX and McLaren, and will switch McLaren’s livery colourway, augmenting black against the team’s classic papaya trim. The sleek and understated design represents the two brands’ belief in putting in hard work behind the scenes to strive for excellence, while embracing change and innovation.

The MCL60 was revealed in Stealth Mode on Wednesday 13 September at an exclusive media event in Singapore at Lantern, Fullerton Bay Hotel. The event was attended by OKX Chief Marketing Officer Haider Rafique, McLaren F1 Team drivers Lando Norris and Oscar Piastri, and McLaren Racing Executive Director, Partnerships & Accelerator, Matt Dennington.

A limited-edition t-shirt will be made available through the McLaren Store, and at a limited giveaway for attendees of Token2049, the Web3 conference taking place in Singapore prior to the race.

To bring fans closer to Stealth Mode, OKX will host a McLaren-themed fan zone, OKX Race Club, at Chijmes, Singapore. The OKX Race Club will run from Thursday 14 September to Sunday 17 September, featuring a Stealth Mode show car, racing simulators, giveaways and surprise guests over the race weekend. This will be officially opened at 14:00 SGT on Thursday 14 September, and free tickets are available here.

Zak Brown, CEO, McLaren Racing, said: “Our partnership with OKX goes from strength to strength, and it’s fantastic to celebrate it with this incredible livery. Stealth Mode flips our race car’s colours, bringing something exciting and different to these two great races in Singapore and Japan. We hope fans will love it as much as we do and get a chance to enjoy the fan zone to connect with our team. OKX are a dedicated supporter of McLaren’s journey, and in turn we’re proud to bring our partnership to life on track through the global platform of Formula 1.”

Haider Rafique, Chief Marketing Officer, OKX, said: “Success on the track, and in the Web3 world, is only possible through teamwork, creativity and innovation. Stealth Mode is inspired by these common principles. It’s also a way for us to celebrate the return of F1 to the Asia Pacific region, which is the epicentre of Web3 in many ways. As Stealth Mode hits the track this weekend we wish the best of luck to Lando and Oscar in what we hope will be a strong performing MCL60.”

For further information, please contact:

  • Steve Atkins, Chief Communications Officer, McLaren Racing

[email protected] / +44 (0) 7590 771 849

  • Saskia Wirth, Director, Corporate Communications, McLaren Racing

[email protected] / +44 (0) 7442 934 149

  • Curtis Nice, Communications Manager, McLaren Racing

[email protected] / +44 (0) 7765 742 300

  • Fran Campbell, Communications Executive, McLaren Racing

[email protected] / +44 (0) 7442 692 253

About McLaren Racing

McLaren Racing was founded by racing driver Bruce McLaren 60 years ago in 1963. The team entered its first Formula 1 race in 1966. McLaren has since won 20 Formula 1 world championships, 183 Formula 1 grands prix, the Indianapolis 500 three times, and the Le Mans 24 Hours at its first attempt.

McLaren Racing competes across five racing series. In 2023, the team will compete in the FIA Formula 1 World Championship with McLaren F1 drivers Lando Norris and Oscar Piastri, the NTT INDYCAR SERIES with Arrow McLaren drivers Pato O’Ward, Felix Rosenqvist and Alexander Rossi, the ABB FIA Formula E World Championship with NEOM McLaren Formula E Team drivers René Rast and Jake Hughes, and the Extreme E Championship with NEOM McLaren Extreme E Team drivers Emma Gilmour and Tanner Foust. The team also competes in the F1 Esports Pro Championship as McLaren Shadow, having won the 2022 Constructors’ and Drivers’ Championships.

McLaren is a champion for sustainability in the sport and a signatory to the UN Sports for Climate Action Commitment. It is committed to achieving net zero by 2040 and fostering a diverse and inclusive culture in the motorsport industry.

McLaren Racing – Official Website

About OKX

OKX is a leading Web3 ecosystem.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into Web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Contact

OKX
[email protected]

Read Also: Crypto vs. Traditional Investments: Which Is Right for You

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

Continue Reading

Press Release

From Holding FIL And GALA To Buying SPCT: The Investor Shift Everyone’s Talking About

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Filecoin (FIL) is going through bearish momentum, whereas Gala (GALA) is trying its best to make a rebound. Within this uncertain landscape, investors gravitate towards cryptocurrencies with solid growth prospects, such as VC Spectra (SPCT), showing profitability despite the market’s downturn.

>>BUY SPCT TOKENS NOW<<

Filecoin (FIL) Announced FIL Dev Summit Events in Singapore and Iceland

Filecoin (FIL) holders haven’t enjoyed much growth in 2023, as Filecoin’s (FIL) price has plummeted by 51.88% since last year.

However, on August 11, 2023, Filecoin’s (FIL) ecosystem unveiled its first-ever FIL Dev Summit event that is set to take place in September 2023 in Singapore and Iceland. This event’s main objective is to unite developers, creators, and enthusiastic community participants eager to play an active role in shaping the core protocol and network evolution of Filecoin.

On the event day, FIL reached a peak of $4.15. Meanwhile, Filecoin (FIL) is trading at $4.11, reflecting a 0.96% drop since the event day. Since August 11, FIL traded as high as $4.17, with a $60 million trading volume on August 14. Despite the event, the Filecoin (FIL) price remained relatively stable.

As seen in the price movement of Filecoin (FIL), its current price rests on a solid support level of $4.1, potentially paving the way for an upward movement. The technical analysis reveals that Filecoin (FIL) is expected to trade at $5.66 if the market outlook remains positive.

Gala Games Announced Partnership With Elixir Games

On August 2, 2023, Gala tied partnership knots with another major Web3 gaming forceElixir Games. With this groundbreaking step, GALA will enhance its utility and aims to reach a broader audience and revolutionize the gaming space. Moreover, Elixir Games will host a dedicated node on the GALA network to host weekly gaming nights.

Not only that, this significant approach is expected to positively impact the Gala token price. Gala was trading at $0.02314 on August 2. Currently, Gala is priced at $0.02318, marking a 0.1728% increase since the partnership announcement. This indicates a relatively stable performance for GALA in this timeframe.

Yet, the GALA market cap has increased by 2.88% from $520 million on August 2 to $535 million on August 14. Observing the increase in the market cap of GALA, investors are cautiously optimistic about its growth potential. Experts forecast that Gala prices will likely bump between $0.038 and $0.042.

Rising Above the Rest: VC Spectra (SPCT) Commands Attention

After marking a remarkable 37.5% jump while transitioning from Stage 1 to Stage 2VC Spectra (SPCT) has already sold over 90.5 million SPCT tokens from the available 125 million tokens in Stage 2. With these presale milestones, VC Spectra (SPCT) has emerged as a leading performer with striking success.

VC Spectra (SPCT) is a community-driven decentralized trading platform and asset management protocol that aims to maximize promising opportunities in the Fintech and blockchain space. More precisely,  VC Spectra (SPCT) uses strategic investments through rigorous tests and minimizes risk and uncertainties.

While VC Spectra (SPCT) primarily focuses on startups and ICOs, users also have the opportunity to receive dividendsbuybacks, and vote on decisions. Also, VC Spectra (SPCT) is a deflationary model, implementing a mechanism to steadily diminish the available SPCT token supply.

Currently, VC Spectra (SPCT) is in Stage 2 of its public presale. Investors opting to invest at this stage are bound to get a 627% gain in their investment by the end of the presale. To provide additional incentives, VC Spectra (SPCT) offers a 25% limited-time bonus on all deposits during this stage.

Learn more about the VC Spectra presale:

Buy Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund

Read Also: VC Spectra’s Triumph Over Stellar And Filecoin: Decoding The Investment Strategy

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

VC Spectra’s Triumph Over Stellar And Filecoin: Decoding The Investment Strategy

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The triumph of VC Spectra (SPCT) in its presale phase makes it a potentially more lucrative investment than Filecoin (FIL) and Stellar (XLM). Filecoin (FIL) and Stellar (XLM) are still struggling despite developments in their respective networks. On the other hand, the success and excitement surrounding the VC Spectra (SPCT) presale underscore its potential to yield massive gains. Let’s see why VC Spectra (SPCT) is doing better than its competition.

>>BUY SPCT TOKENS NOW<<

Filecoin (FIL) Is Stuck In the Bearish Zone

Filecoin (FIL) started 2023 on a bullish note after confirming its partnership with Lockheed Martin. Notably, the collaboration aimed to create a program supporting the deployment of the Interplanetary File System into space. Sadly, this positive momentum was short-lived.

Afterward, the cryptocurrency market entered a bearish phase that affected all tokens, causing Filecoin (FIL) to slide from highs of $8.61 in March 2023. Since then, Filecoin (FIL) has been sliding deeper into the red zone. Additionally, its trading volume decreased, indicating a lack of investor confidence in Filecoin’s (FIL) performance.

Over the past week, Filecoin (FIL) encountered difficulty surpassing its resistance level at $4.30, dropping to $4.03. This price action can be attributed to Filecoin’s (FIL) substantial volatility and significant oscillations. Currently, Filecoin (FIL) is trading at $4.11, down 1.11% in the past 24 hours.

But, analysts are still hopeful that Filecoin (FIL) will find a bullish momentum to end 2023 at $5.58.

Stellar (XLM) Hangs on Hope But Keeps Sliding

In July 2023, Stellar (XLM) showcased volatile price dynamics, recording a notable breakout. On that note, there was a massive surge in buying volume for Stellar (XLM), contributing to an impressive 61% price surge on July 13.

Sadly, Stellar’s (XLM) value has experienced a decrease and now finds itself in a continuation pattern, signifying the potential for a future breakout. But for now, Stellar (XLM) is still in the red zone. As of August 10, 2023, the price stood at $0.140, down 2.02% in the past 24 hours.

While Stellar (XLM) has undergone significant updates, the drop in its price does not seem to be directly linked to identifiable factors. But, analysts project that Stellar’s (XLM) price could potentially regain strength to end the year at $0.165.

VC Spectra (SPCT) Triumphs over the Entire Crypto Market

VC Spectra (SPCT) functions as a decentralized hedge fund that provides backing and investments to startup firms within the blockchain and technology industries. Furthermore, VC Spectra (SPCT) leverages the knowledge and experience of experts spanning diverse investment sectors.

Moreover, VC Spectra (SPCT) uses smart contracts and AI technology to execute efficient trading strategies, undergoing extensive testing to increase profits while reducing potential losses.

VC Spectra’s (SPCT) token conforms to the BRC-20 standard, built upon the Bitcoin blockchain. Beyond its role as a means of exchange, VC Spectra (SPCT) offers many other benefits including quarterly dividends, voting rights, and the opportunity to participate in discounted pre-ICOs.

VC Spectra (SPCT) is currently in Stage 2 of its public presale, with the token valued at $0.011, a 37.5% increase from Stage 1’s initial price of $0.008. Looking ahead to Stage 3, VC Spectra’s (SPCT) price is set at $0.025, a notable increase of 127.27%.

VC Spectra (SPCT) displays massive long-term projections that outpace the forecasts of Filecoin (FIL) and Stellar (XLM). Those who buy VC Spectra (SPCT) in Stage 2 can potentially witness their holdings surge by a remarkable 627% at the end of the presale when it hits its price target of $0.08.

Learn more about VC Spectra (SPCT) and its presale:

Buy Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund

Read Also: Benjamin Cowen Warns of a Potential 'Windfall Incident' that Could Devastate DeFi and Altcoin Markets

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

Continue Reading