The call is set to cover a summary of recent achievements, an introduction to upcoming protocol upgrades, and a live Q&A session with the team. The official update was shared via a tweet by Request.

Request is a unique platform aspiring to form a “universal cooperative financial system” that connects various isolated financial platforms. It provides users with full control over their financial data and decisions, acting as the intermediary for a range of payment requests, from simple peer-to-peer transactions to complex business invoices.

Payments are initiated in the Request system by sending an invoice through the blockchain, which can then be acknowledged and fulfilled by the recipient in a single action, marking a direct peer-to-peer transaction. Notably, Request’s transactions are push-driven, eliminating the need for the disclosure of personal account information.

With the use of blockchain technology, primarily Ethereum and IPFS, the platform eliminates reliance on third-party intermediaries, which results in reduced transaction costs and improved security, privacy, and data ownership for users. Despite the existence of transaction fees on the platform, these are necessary for broadcasting updates to the blockchain and encouraging miners to achieve network consensus.

REQ is an ERC-20 token on the Ethereum platform. Every request made with REQ is recorded on a permanent digital ledger, serving as a tamper-proof record and a useful auditing tool.

The post Community Call Scheduled by Request on June 12th: An Overview appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Mantra clarified that the project had not sold any tokens and that the team remains fully operational, continuing to probe the incident. Despite earlier comments from Mantra CEO John Mullin about a forthcoming post-mortem analysis, the new statement provides scant new information regarding the rapid transfer of OM tokens to exchanges and the ensuing liquidation cascade.

The statement also highlighted the existence of two variants of OM tokens; one is Ethereum-based (ERC-20) and the other operates on Mantra’s mainnet. As per the statement, “The incident almost exclusively involved ERC-20 OM, as ERC-20 OM makes up nearly the entire liquid market.”

The original ERC-20 OM token, launched in August 2020, has a capped supply of 888.8 million OM. As of April 15, 99.9% of these tokens were publicly circulating. On the other hand, Mantra mainnet OM tokens had a circulation of only 77.5 million, following the minting of an equivalent amount of OM by Mantra Chain in October 2024.

Mantra’s statement also noted a discrepancy in OM spot prices on OKX and Binance starting around 6:00 pm UTC, approximately an hour before the OM token crash. Mantra anticipates that more information from its exchange partners will “shed more light on these events,” and added, “We call on our centralized exchanges partners to help provide more transparency on trading activities during this period.”

The DeFi platform confirmed it is devising a support plan for OM, which includes a token buyback and supply burn. However, no specific timeline for the plan’s implementation was given. Following the crash, Star Xu, OKX CEO, labeled Mantra a “big scandal.” Meanwhile, Mantra CEO Mullin identified Binance as the largest holder of the OM token, referencing Etherscan records.

When Cointelegraph reached out to Mantra’s team for additional commentary on the April 16 statement, no response was received by the time of publication.

The post Mantra’s Statement on OM Token Crash Still Leaves Unresolved Queries appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

As part of Season 2, players can anticipate fresh emotes, God portraits, the Mana Wheel, and promotional packs. These packs offer the possibility to win Shiny Sanctum Raiders and Raider Card Back.

Operating within the blockchain and cryptocurrency sphere, Gods Unchained offers a novel approach to online gaming. It parallels renowned games like Magic: The Gathering Arena, but with a twist. It provides a distinct economic model where players can amass real-world value, undermining the conventional gaming economic model where in-game purchases can’t be resold.

The game’s economic structure is based on tangible currency with actual monetary value, as opposed to simulated in-game currencies. This model enhances the gaming experience, enabling players to trade cards in the game’s marketplace. The more matches a player wins, the more cards they gather, injecting added competitiveness and motivation into the game. In addition, the game is broadening its user base through strategies including tournaments and is set to launch a mobile version to boost its global access.

The GODS token is integral to the Gods Unchained ecosystem. As an ERC-20 token, it serves various functions, from enabling in-game marketplace transactions to NFT creation and rewards acquisition. The token has a limited supply of 500 million units, shared among players and developers. Players can securely store their GODS tokens and associated NFT cards in web 3.0 wallets like MetaMask. In addition to its transactional value, the GODS token provides players with a say in the game’s decision-making process, embodying the game’s community-focused philosophy.

The post Gods Unchained Set to Launch Season 2 of Battle Pass on March 25th appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.