Connect with us


Press Release

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

Published

on

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

Web3 Builders Look to Alternate Growth Model with BNB Chain as Bear Market Funding Drops by 84%

Published

on

DUBAI, UAE, November 23rd, 2023, Chainwire

BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, is highlighting the compelling growth stories of the projects that emerge from its project development program, starting with its hackathons. This comes in the wake of BNB Chain’s Istanbul Hackathon, which saw the emergence of a number of strong projects.

The focus of the bear market is building quality Web3 projects – this is a time for developers to concentrate on identifying what real use cases need solving. However, quarterly funding for Web3 startups has dropped by approximately 84% this year. Against this backdrop, thousands of founders have looked to alternate ways to develop their projects to the point of launch readiness.

By providing constant guidance, in addition to routinely incentivising innovation with its global hackathons, BNB Chain mentors these projects through the various stages of their development journeys as they strive to realize the immense potential of Web3. 

Below are the steps that projects can expect to partner with BNB Chain on as they work to realize their vision:

  1. Ideate and develop a killer idea at a BNB Chain hackathon
  2. Win a reward at the hackathon that allows for initial development
  3. Develop further with constant guidance from BNB Chain
  4. Get introduced to incubators who can supercharge your project
  5. Launch your project on-chain 

BNB Chain Hackathon winners also receive referral codes to apply to the Most Valuable Builder (MVB) to potentially increase their funding. The program – run by BNB Chain and Binance Labs – helps projects develop and grow through mentorship, funding and network support*.

BNB Chain’s recent Istanbul Hackathon saw a number of exciting projects start on this journey, with a number of the winners sharing how they plan to utilize their winnings to advance their projects. 

MoveSpace, an on-chain data labeling and marketplace powered by a vector database, is addressing the data transparency issue in AI training to incentivise human interactions with data with BNB Greenfield. Using the funds they won at the BNB Chain Hackathon, they are further refining their concept – making data tradable as a regular commodity or asset – to make data ownership meaningful, setting them up for success at their first round of fundraising.

Another winning project exemplifying the practical applications of blockchain technology is ZeroX, a Web3 Gaming platform with a core mission of onboarding users to Web3 through gaming. Offering SDK and API services for traditional game development, they are lowering the barriers for traditional game developers and gamers to enter Web3. They will allocate the funds they won at the Istanbul hackathon to accelerate their growth and incorporate BNB Greenfield into their product, putting them in a leading position for their first funding round and upcoming public product launch. 

Learn more about all of the winning projects, their experiences of BNB Chain Hackathon Istanbul and how it is accelerating their growth here.

Tomasz Wojewoda, Head of Business Development at BNB Chain, said: “The quality of the projects that emerged from the BNB Chain Istanbul Hackathon was truly remarkable. It has been great to see their Web3 spirit on full display and to see how they are leveraging opBNB and BNB Greenfield to accelerate their development. Myself and the BNB Chain team look forward to being by the developers’ sides and providing guidance as they continue to build towards realizing their vision.”

*Disclaimer: There is no guarantee that projects will be accepted to the MVB program.  

About BNB Chain

BNB Chain is a community-driven ecosystem with multiple decentralized blockchains, powered by BNB. It consists of BNB Beacon Chain, its staking and governance layer, BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem with its Layer-2 solutions including opBNB, and BNB Greenfield, its decentralized data storage network. 

The BNB Chain ecosystem has the world’s largest smart contract blockchain (BSC) by daily active users and has processed 3 billion transactions to date from 232 Million unique addresses. This makes it the largest layer 1 blockchain globally and brings developers massive user access with ultra-low gas fees, higher transactions per second and has experienced zero crashes since its inception. The ecosystem has more than 1,500 estimated active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure, and more. There are numerous programs available to support the Web3 ecosystem including the Gas Grant, Builder Grant, Kickstart, Most Valuable Builder (MVB) and AvengerDAO.

Contact

Jack S
[email protected]

Read Also: BNB Chain Sees 1-year Transaction High; Demonstrates Network Reliability After BSC Surge

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

BNB Chain Sees 1-year Transaction High; Demonstrates Network Reliability After BSC Surge

Published

on

DUBAI, UAE, November 22nd, 2023, Chainwire

  • November 19 saw BSC record more than 9.5M transactions in a single day
  • Earlier in the week, BSC demonstrated gas price stability during a similar surge

On November 19, 2023, BNB Chain, the community-driven blockchain ecosystem, saw its highest traffic rates since May of 2022 with transactions exceeding 9.5M for the day. More than 7M of the 9.5M daily transactions were attributed to inscription minting transactions on BNB Smart Chain (BSC).

The 1-year high comes amid a week of traffic surges on BSC. November 17 likewise saw a spike in traffic, with gas prices on BSC remaining consistent during the surge. On November 17, with TPS (transactions per second) reaching almost 250 at the peak, gas prices remained consistent at the $0.016 threshold.

While TPS rose to almost 250 on Nov. 17, gas prices on BSC remained steady at $0.016.

BSC’s very large block size is what allows it to handle spikes in traffic smoothly while maintaining a stable gas price. With TPS at around 200, the usage of the block is only at around 15-20%, meaning that the network still has plenty of space left to handle further traffic. 

Learn more about BNB Smart Chain here.

###

About BNB Chain

BNB Chain is a community-driven ecosystem with multiple decentralized blockchains, powered by BNB. It consists of BNB Beacon Chain, its staking and governance layer, BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem with its Layer-2 solutions including opBNB, and BNB Greenfield, its decentralized data storage network. 

The BNB Chain ecosystem has the world’s largest smart contract blockchain (BSC) by daily active users and has processed 3 billion transactions to date from 232 Million unique addresses. This makes it the largest layer 1 blockchain globally and brings developers massive user access with ultra-low gas fees, higher transactions per second and has experienced zero crashes since its inception. The ecosystem has more than 1,500 estimated active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure, and more. There are numerous programs available to support the Web3 ecosystem including the Gas Grant, Builder Grant, Kickstart, Most Valuable Builder (MVB) and AvengerDAO

Contact

Jack S
[email protected]

Read Also: Stablecoins: The Future of Digital Payments

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

OKX Liquid Marketplace Outperforms in September, Hits All-Time High $1.54 Billion in Monthly Futures Spreads Volume

Published

on

Dubai, UAE, October 18th, 2023, Chainwire

OKX, a leading crypto exchange and Web3 technology company, today announced that futures spreads trading volumes on its Liquid Marketplace, a spot OTC, futures spreads and options liquidity network, reached a record monthly high of US$1.54 billion in September 2023. This achievement represents 62%* of the institutional market share for futures spreads for the month.

Since the July 2023 launch of Nitro Spreads, a venue under OKX’s Liquid Marketplace for institutional traders to execute basis, futures spreads and funding rate arbitrage strategies, OKX’s cumulative futures spreads volumes led the market from August 28 to October 11 in 2023.

OKX’s volumes on futures spreads also excelled during ‘high-water mark’ volume days, with OKX futures spreads notional volumes exceeding the 100 million USDT mark on four occasions within the date range (on September 12, September 19, September 28 and October 10 in 2023).

These trading volume milestones solidify OKX’s Liquid Marketplace as the go-to venue for institutional traders looking to take advantage of superior liquidity for a range of trades, including futures spreads, spot OTC basis and options.

OKX Chief Commercial Officer Lennix Lai said: “The latest futures spread volume figures confirm that OKX Liquid Marketplace is a diverse ecosystem of counterparties pursuing a range of trading strategies and indicates that it is a trading venue of choice for institutional traders. We have worked hard to develop the products, liquidity and intuitive trading features traders demand in an intensely competitive market environment. We will continue to listen to our traders and adapt the platform to their needs going forward to further grow our customer base.”

Since its launch in July 2023, OKX announced on October 6 that Nitro Spreads has surpassed a cumulative trading volume of over 2 billion USDT.

Nitro Spreads is a venue for institutional traders to execute advanced strategies and facilitate delta rolls efficiently on OKX’s Liquid Marketplace. With the ability to execute both legs of a trade via a central orderbook, Nitro Spreads minimizes leg risk between markets and provides institutional traders with enhanced capital efficiency. Before execution, traders can also select a guaranteed spread for a trade, mitigating unexpected price slippage. Trades are then matched and settled immediately.

*Source: Laevitas

About OKX

OKX is a leading global crypto exchange and innovative Web3 company. 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.

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. Leveraged trading in digital assets magnifies both potential gains and potential losses and could result in the loss of your entire investment. Past performance is not indicative of future results. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, particularly if considering the use of leverage.You are solely responsible for your trading strategies and decisions, and OKX is not responsible for any potential losses. Not all products and promotions are available in all regions including the U.S.A., U.K., Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Syria Malta, Australia, Bangladesh, Bolivia, The Bahamas, Canada, Malaysia, Hong Kong, France, and Singapore. For more details, please refer to the OKX Terms of Use and Risk & Compliance Disclosure.

Contact

Media
[email protected]

Read Also: Memecoin Project $Garbage Aims to Launch A $100,000 Giveaway

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

Memecoin Project $Garbage Aims to Launch A $100,000 Giveaway

Published

on

Miami Beach, United States / Florida, October 13th, 2023, Chainwire

$Garbage, the world’s first garbage-themed meme coin, is taking the crypto world by storm. With a unique storyline backed by a mutual distaste for the current course of modern affairs, The company hopes that $Garbage will quickly become one of the most popular and talked-about crypto projects in the world.

“Crypto gets a bad rap”, said an anonymous team member for the whale-backed $Garbage project. “But let’s face it – the FIAT system stonks, and our global financial system is sliding into a cesspool of dysfunction. If it’s all gonna end in a stanking mess anyway, doesn’t it make sense to fast forward to the end and reverse engineer our way out from the muck?” he adds.

That’s where $Garbage comes in. $Garbage is a meme coin – a movement – powered by a community of people tired of the status quo. $Garbage is all about having fun and exposing the oozing rot increasingly plaguing our global financial system.

What To Expect From $Garbage

$Garbage brings people together to have fun and flip the money-making world on its head with a custom meme machine and more.

$Garbage will be hosting several community events and contests over the next couple of months, with a total grand sum of $100,000 USDT in prizes. This will include weekly $1,000 USDT giveaways, plus $10,000 competitions called “The Oscars” – an epic battle to determine the ultimate meme champion. The team hopes that Like laughter, the $Garbage token will be contagious.

With several utility features like staking, contribute2earn, buybacks, and in-game utility – $Garbage is more than just a meme coin. The $Garbage team boasts a 1.4m community on TikTok –perhaps the largest crypto meme channel ever.

$Garbage Goes Live This October

$Garbage presale will go live this October. To learn more about $Garbage and how to join the movement, interested buyers can visit the website, or on Twitter, Telegram, TikTok, and Instagram.

About $Garbage

Everything is $Garbage, so we made a token for it. $Garbage was created to share memes and spread good vibes in a world of trash.

“Garbage Project” is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

CEO
Oscar Groucho
Garbage
[email protected]

Read Also: How to Buy, Store, and Secure Your Bitcoins

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

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

Published

on

By

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.

Continue Reading