Hadeswap is an automated market maker NFT marketplace that is native to the Solana blockchain, being among the top NFT marketplaces on Solana next to Exchange.Art, CoralCube, Solseea, and Magic Eden The concept behind Hadeswao was to build an AMM NFT marketplace that would use liquidity pools to provide a liquid trading experience for NFT traders while charging no platform or royalty fees.
Hadeswap has just announced that their new governance token went live for trading, starting off by being available on Orca and JUP.AG. This new token is called $HADES and will allow users and holders of Hadeswap to participate in voting for proposals for the protocol and the NFT marketplace, bringing a more community-focused and decentralized narrative to the platform.
As of now, it seems like there is very little liquidity for the token, which is great for price discovery but not necessarily for the sake of large trades. What is getting people hyped up about this new governance token is that early users and liquidity providers for NFTs on Hadeswap will be receiving a $HADES airdrop in the near future.
As with all new launches, for those who are going to be trading or investing in $HADES, there will be several scam or unofficial contract addresses with the same name as $HADES. Whenever you are trading a token on a decentralized exchange, it is best to double check the contract address from reputable sources such as a project’s official documentation or social media. In this case, Hadeswap’s official contract address announced on Twitter is BWXrrYFhT7bMHmNBFoQFWdsSgA3yXoAnMhDK6Fn1eSEn.
As a part of celebrating the new token launch, Raydium, one of Solana’s most popular decentralized exchanges, has already opened up a HADES/USDC pool, which will include $10,000 RAY to be distributed to liquidity providers of this pool.
A governance token for any NFT marketplace is absolutely necessary in terms of making your NFT marketplace very community-focused. Governance tokens allow people to have skin in the game, allowing these holders to make decisions in their best interests and for the best interests of a protocol or project’s community. Especially as the NFT landscape evolves over time, it is smart to give power to the users of your NFT marketplace—the people who actually use the platform—especially when Hadeswap is a platform that has 0% royalty fees by default and 0% platform fees. These could potentially be things that are proposed in the new governance model.
(Source: @0xPlasma Labs Tweet Image)
Speaking of decentralized exchanges and dexes, back in early December 2022, 0xPlasma Labs sent out a governance proposal that discussed the potential for Uniswap V3 to deploy on the BNB Chain, something that Uniswap has not provided support for or ventured into. The supporting details to incentivize the deployment in the proposal were that there would be 1 to 2 million new users of the Uniswap platform and token, allowing for more transaction activity, and that Uniswap V3 would gain access to $1 billion in additional TVL from the BNB Chain.
Just today, the Snapshot proposal that 0xPlasma Labs created resulted in 80% of the governance participants casting votes in favor of deploying Uniswap V3 onto the BNB Chain. Now, this is not an official governance proposal, as this was simply a temperature check or a way to gauge community interest in a particular proposal, such as a survey. This means that holders of the Uniswap token do have a strong interest in deploying Uniswap V3 to the BNB Chain, which will mean that the trading of BEP-20 tokens will be supported in Uniswap if an actual governance proposal passes. In fact, with 80% support, the temperature check will now become a full-fledged governance proposal for Uniswap V3 to deploy on the BNB Chain.
And guess what? It even seems like CZ from Binance is sharing the news on Twitter as well.
As the leading decentralized exchange in the entire crypto space, this deployment would be very beneficial to both the BNB Chain and Uniswap. First, Uniswap is the largest decentralized exchange by TVL and trading volume, with $3.87 billion in total value locked and $9.36 billion in trading volume just in the past week. On a daily basis, the entire BSC chain sees $4.83 billion in total value locked and $231 million in trading volume.These are two very large entities in the entire crypto space that would be mutually beneficial to each other and the entire space. The BNB network will finally be supported for trade on Uniswap as well, allowing Uniswap users to access BEP-20 tokens and for BEP-20 traders to use Uniswap’s services.
The main party that needs to worry about this new potential deployment is PancakeSwap, the current leader of the BNB decentralized exchanges, with $1.49 billion in trading volume in the past week and $2.53 billion in total value locked. This is one of Uniswap’s only sizable competitors in the space for decentralized exchanges, and the moment that Uniswap allows for BEP-20 support, there will be quite the competition between the two platforms to dominate the BNB Chain and ecosystem.
(Source: Immutable Blog)
Search for Animera is an open-world MMORPG NFT game that is being built on Unreal Engine 5, which entails an AAA game based in a futuristic world on different planets where players will be able to explore, colonize, and conquer the planets and worlds that they come across.
While the full release of the game is not expected until the end of 2023, Search for Animera will begin their beta release this week with an NFT collection drop during Q1 of 2023, which will be Search for Animera’s Genesis Collection, which consists of 8,888 futuristic characters. Throughout 2023, Search for Animera will also be releasing their $ANIM token in preparation for the full game release.
Search for Animera is building on the ImmutableX platform in order to utilize their carbon-neutral NFT technology and 9,000 TPS network that will allow for high scalability and a fee-less gaming experience. Search for Animera utilizes ImmutableX’s “Magic Link,” which is an integral part of the game’s seamless experience for Web3 adoption. This magic link from ImmutableX allows for game developers on ImmutableX to provide instant Web3 wallets to their player base, allowing for a very simple and quick way for Web2 and traditional gamers to play in the Web3 world.
Adil Khan, the co-founder of Search for Animera, announces,
As with many other games in this era of blockchain and Web3 gaming, a big focus is on players being able to own their own in-game assets, which means that people will be able to have complete ownership over their characters, what they wear, their assets, and their property.
Overall, ImutableX’s new upcoming game is a pretty standard PVP Web3 open-world game, which does have many similarities to other Web3 games out there; however, the interesting part of this new game’s development all comes from the founders of the project. The founder, Thomas Dimi, was a previous independent contractor for Konami Gaming, Inc., which is by far one of the most popular gaming companies in the world and known for franchises such as Metal Gear Solid and Yu-Gi-Oh! It seems that Thomas spent about 5 years at Konami working on the creatives for Metal Gear Solid: Phantom Pain and Konami’s eFootball. I played a lot of MGS: Phantom Pain a few years ago, and I still remember the details and creativity that were put into the game. With Thomas’ experience in building out artwork and the environment for these two franchises, I have a strong feeling that this new Search for Animera game will certainly be a top-notch game in terms of its handcrafted worlds and the details in the game. For a project that will integrate both NFTs and gameplay, it sure does sound like Thomas’ expertise will help make this game a very artistic one.
Circle has just created a new protocol for burning and minting USDC tokens that strays away from the traditional lock and mint bridge method of minting out new tokens and instead creates a new protocol to seamlessly transfer the USDC token across different chains and destinations.
The problem with the traditional lock and mint bridges is that while a certain asset is locked, there is the possibility for exploits while the assets are being replicated. Additionally, locking any kind of asset into a smart contract for the purpose of locking and minting will result in poor liquidity across the network, as liquidity will then become fragmented across the networks.
Circle’s new protocol will switch to a “burn and mint” method, which will burn USDC on the source chain instead of locking it, and once attested, the new destination chain will immediately mint USDC. The main selling point of this new utility is so that developers can build out use cases for their users to bridge their tokens in a faster, more efficient, and safer manner.
The purpose of the Cross-Chain Transfer Protocol matches the new era of DeFi. DeFi in 2023 needs to be quick, multichain, efficient, liquid, and very secure. This new CCTP protocol will literally allow anyone who is dealing with USDC to seamlessly swap their USDC across chains or use a flow that will literally perform a transaction from one dapp to another dapp on different chains in a seamless manner. As of now, only the Avalanche Network and the Ethereum Network for USDC will be available for this feature; however, for the rest of 2023, Circle will be deploying support for various other chains.
Circle is focusing on simplicity for DeFi users as well as the security of multi-chain and cross-chain bridging, which has been a hot topic in 2022 due to the large number of bridge exploits. USDC is a very dominant entity in the crypto space and a stablecoin that is here to stay with new innovations to be more efficient and new goals to be even more transparent than other stablecoin companies.
From a technical observation, developers may want to take pointers from Circle’s burn and mint bridges to utilize in their decentralized applications as well. Bridging will be a very important characteristic of DeFi that will dominate the types of transactions in the space in 2023 and the rest of this decade. Creating a bridge that will be easy for users to play around with and that will keep the users protected will be the priority of many projects that are building out cross-chain bridging protocols. It will be very important to see which methods of bridging are effective and safe.
February 2, 2023 Crypto Roundup (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) Immutable
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14.4. Hector Network will not be liable for any delay or failure to perform resulting from causes outside its reasonable control, including but not limited to acts of God, war, terrorism, riots, pandemics or epidemics, embargos, acts of civil or military authorities, fire, floods, accidents, strikes or shortages of transportation facilities, fuel, energy, labor or materials.
14.5. If you have any questions, feedback, complaints or claims with respect to the Services, please contact us at: [email protected] We will do our best to address your concerns.
14.6. These Terms and any action related thereto shall be governed by and shall be construed in accordance with the Laws of the British Virgin Islands. All claims and disputes arising under or relating to this Agreement are to be settled exclusively by the competent courts in the British Virgin Islands. For the avoidance of doubt, and without limiting the generality of the foregoing, this provision expressly applies to any claim, whether in tort, contract or otherwise, against Hector Network. You irrevocably and unconditionally agree and consent to the jurisdiction and venue of the courts of the British Virgin Islands, and you waive any objections thereto, including under the doctrine of forum non conveniens or other similar doctrines. You and Hector Network agree that any Party hereto may bring claims against the others only on an individual basis and not as a plaintiff or class member in any purported class or representative action or proceeding. Any relief awarded to any one user of the Services cannot and may not affect any other users of the Services.
14.7. Any waiver of any provision of the Terms on one occasion will not be deemed a waiver of any other provision or of such provision on any other occasion. Any delay or failure in exercising any right shall not constitute a waiver unless such waiver is confirmed in writing.
14.8. If any part of any section of these Terms is held invalid or unenforceable, that part will be construed in a manner to reflect, as nearly as possible, its original meaning while remaining valid and enforceable or if not possible shall be deemed deleted and the remaining part of the section and/or of these Terms will remain in full force and effect.
14.9. These Terms are the final, complete and exclusive agreement between you and Hector Network with respect to the subject matter hereof and supersedes and merges all prior discussions, agreements or representations between you and Hector Network with respect to such subject matter.
Welcome to the Hector Network platform (“we”, “us” or “Hector Network”). Hector Network is developing an ecosystem which consists of various innovative developments and applications (“Services”). The Hector Network platform is accessible on www.hector.network and any other sites or subdomains of Hector Network (“Site”).
To provide our Services we may collect some of your data some of which may under certain circumstances be considered personal information. We at Hector Network are committed to fully protecting your privacy and being a responsible and transparent custodian of the information we collect.
Therefore, please find all the necessary information on how we may collect and process your personal data gathered in connection with your use of our Site and our Services in this Privacy Notice.
Notice: Please, read this Privacy Notice carefully and in addition to the Terms and Conditions to understand our practices regarding the information that may be considered personal. If you do not wish for your personal information to be used in the manner described herein, you should not access our Site and all subdomains thereof, utilise our Services, participate in the offering of our tokens or otherwise provide Hector Network with your information which may be considered personal.
Please ensure that any relevant individuals are made aware of this Privacy Notice prior to providing their information to us or us obtaining their information from another source. In such a case, you or they must first ensure that you or they have the authority and appropriate legal basis to do so.
We do not knowingly collect or ask for data, including personal information, from people under the age of 18. If you are such a person, please do not use our Service or send us your data. Otherwise be informed that we erase such data the moment we learn it is collected from a person under the age of 18.
The administrator of our Site, provider of the Services and thus controller of your personal information processed in connection for purposes described hereinbelow is Hector Enterprise Inc.
Registered office: Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands
We will usually respond to all legitimate enquiries within 30 days. Occasionally it may take us longer if your request is particularly complex or you have made numerous requests. We will notify you and keep you updated.
‘Personal information’ is any information that, either alone or in combination with other data, enables an individual to be directly or indirectly identified (for example, name, email address, contact details, or any unique identifier such as an internet protocol address (‘IP address’), device ID or other online identifier).
We may collect the following basic personal information from you:
You can choose how Cookies are handled by your device through your browser or through our cookie banner, including refusing or deleting all Cookies. If you choose to receive no Cookies at any time, websites may not function properly and certain services may not be provided. Each browser and device is different, so check the settings menu of the browser or device you are using to learn how to change your advertising settings and Cookie preferences.
We may receive information about you from other sources, including third parties that can lawfully share the information with us and help us update, expand, and analyse our records, prevent or detect fraud or other suspicious activities and process payments. In addition, our Site may also include integrated content or links to content provided by third parties (such as live chat, social media content, plug-ins and applications).
Please be informed that we do not process special categories of personal data (such biometric data, data concerning health, racial or ethnic origin, political opinions, etc.).
We do not use either automated decision-making or profiling in terms of your personal information you provide to us.
We may use the information gathered primarily for the following purposes:
We may also use the information we collect:
We retain the information we collect for no longer than is reasonably necessary to fulfil the above purposes and to comply with our legal obligations.
Your personal information as described above is processed by us on a basis of the following legal grounds:
Taking steps prior to entering into a contract and necessity for performance of a contract with you – We may need to collect and use your personal information in order to enter into a contract with you or to perform a contract that you have with us, for example, when you provide personal information to us in order to purchase our tokens, if necessary for such purchase.
In such a case, the provision of your data is necessary in order to enter into a contract and also a contractual requirement as without such data we are not able to enter into a contract with you.
Compliance with legal obligations – We may process your personal information as may be required by respective legal or regulatory obligations that may apply to us.
In this case, the provision of your data is a statutory requirement without which we are not able to comply with our legal obligations.
Our legitimate interests – We may use your personal information for our legitimate interests to improve our Services, thus maintain and develop our business activities as well as to protect and enforce our or third party’s rights, if necessary.
Please be informed that you have the right at any time to object to the processing of your personal information which is based on our or third party’s legitimate interest.
Your consent – We send to you direct marketing e-mails upon your previous consent. Each such e-mail also contains a link that allows you to opt-out from receiving such e-mails, update your contact information or change your preferences at any time.
To withdraw any consent to processing your personal information, please use our electronic form or by clicking on a link provided in every e-mail sent to you to unsubscribe from such marketing electronic communication.
We may disclose information:
Important note: We do not sell, rent, or otherwise share personal information that reasonably identifies you or your organisation with unaffiliated entities for their independent use except as expressly described in this Privacy Notice or with your prior separate consent. We may share information that does not reasonably identify you or your organisation as permitted by applicable law.
When you voluntarily make your personal information available online in our environment shared by third parties (for example, on messaging applications, social media, message boards, web logs, or emails), that personal information may be viewed, saved, collected, heard, used and/or shared by third parties outside of Hector Network. We are not responsible for any unauthorised third party using such information. Please be mindful whenever you share any information in such environments.
Our Site may include integrated content or links to third parties’ content (for example, social media content, plug-ins and applications, video materials, etc.) which are governed by the third parties’ privacy settings and policies, which may differ from this Privacy Notice. This Privacy Notice does not address, and we are not responsible for or able to control, the privacy, security, or other practices of such third parties.
We deploy organisational, technical and physical safeguards designed to protect the information that we collect. This includes, when required or appropriate and feasible, obtaining written assurances from third parties that may access your personal information that they will protect the information with safeguards designed to provide a level of protection equivalent to that adopted by Hector Network.
We may store the information we collect on our servers both cloud-based or in servers located in countries where we or our service providers have facilities. Therefore, we may transfer information to countries outside of your country of residence which may include countries outside the EU member states.
Please note that if you are the EU citizen and provide us with your personal information, it may then be transferred for the purposes stated herein to third countries outside the EU/EEA under conditions set in this Privacy Notice and you consent to this by using our Site or Services.
You have the right to withdraw your consent at any time, without affecting the lawfulness of processing based on consent before its withdrawal. Therefore, the marketing e-mails we send to you include the opt-out link for you to unsubscribe from receiving such communication (as well as update your contact information). We will honour your choice and without delay refrain from sending you such e-mails.
Under local law, you may have certain rights regarding processing of your personal information, in particular, you have the right to request: (i) access to your personal information, (ii) rectification or erasure of your personal information, (iii) restriction of processing concerning you, (iv) objection to processing that is based upon our legitimate interests (as already stated above), and (v) data portability to other service providers.
We are committed to working with you to obtain a fair resolution of any complaint or concern about your privacy. If, however, you believe that we have not been able to assist with your complaint or concern, you may have the right to lodge a complaint with a respective supervisory data protection authority, as applicable, in your jurisdiction.
If you would like to contact us, please use the methods stated above.
Your ability to exercise these rights will depend on a number of factors and, in some instances, we will not be able to comply with your request, for example because we have legitimate grounds for not doing so or where the right doesn’t apply to the particular information we hold on you. Where so entitled to access to your personal information, you will not have to pay a fee unless your request is clearly unfounded, repetitive or excessive (upon which we may charge a reasonable fee or refuse to comply with your request). If you would like to discuss or exercise the rights you may have, you can contact us through the methods stated above.
Please keep us informed if your personal information changes whilst we continue to retain such information. We encourage you to contact us to update or correct your information if it changes or if you believe that any information that we have collected about you is inaccurate or out of date.
We may update this Privacy Notice from time to time and we encourage you to periodically review this Privacy Notice. If we make any material changes to this Privacy Notice regarding the way we collect, use, and/or share the personal information that you have provided, we will notify you by posting notice of the changes on the Site or, if we hold your email address, by email.
The use of certain of our Services may also be governed by other applicable terms and policies regarding privacy and the sharing of personal information, which supplement, and should be reviewed alongside, this Privacy Notice.
Unless otherwise defined in this Privacy Notice, terms used have the same meaning as in the Terms and Conditions.
Effective Date: 10 May 2022
This disclaimer (the “Disclaimer”) explains the terms and conditions governing your access to the https://hector.network/ website (the “Site”) and/or our services as described on the Site (the “Services”; unless the context provides otherwise, the Services shall be deemed to include the Site). This Disclaimer, together with the Terms and Conditions (the “Terms”), forms a binding legal agreement between you and Hector Enterprise Inc., with its registered office at Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands (“Hector Network” or “we” or “our” and its derivatives).
You must read this Disclaimer carefully. By accessing the Site and/or using the Services, you signify that you have read, understand and agree to be bound by this Disclaimer in its entirety and understand the risks related to the Services and crypto-assets in general. You agree to comply with this Disclaimer even if our methods to prevent the use of the Services are not effective or can be bypassed. If you do not agree with anything in this Disclaimer, you may not use the Services. We may implement controls to restrict access to the Services from any jurisdiction or persons prohibited pursuant to this Disclaimer.
You agree to indemnify and hold Hector Network harmless from any losses, costs, liabilities and expenses (including legal fees) relating to or arising out of: (a) your use of, or inability to use, the Services; (b) your violation of this Disclaimer or the Terms; (c) your violation of any rights of another party, including but not limited to any other users of the Services; or (d) your violation of any applicable laws.
Hector Network may, at its own discretion, assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you shall fully cooperate with Hector Network in asserting any available defenses. This provision does not require you to indemnify Hector Network for any fraud, gross negligence, or willful misconduct of Hector Network.
You confirm that you fully understand that (i) our crypto products and related services are unregulated and can be highly risky; (ii) there may be no regulatory recourse for any loss from crypto-related transactions; (iii) investment in crypto-assets or similar products carries a high risk, may not be suitable for retail investors and the entire amount invested may be lost.
Hector Network is not a bank, securities firm, financial institution, financial services provider or provider of similar services and does not provide investment, tax or financial advice, financial services or consulting services to users of the Services. We are solely the provider of the Services. Your logged digital assets are not covered by insurance against losses or subject to any deposit insurance schemes or protections.
You understand that you are solely responsible for any tax reporting and payment, levies or similar duties applying to you in relation to your use of the Services (including but not limited to your purchase and/or sale of any digital assets) and you agree to hold us harmless and indemnify us for any tax-related obligations applicable to you in relation to your use of the Services.
You may not use the Services if you are located in, or are a citizen or resident of any state, country, territory or other jurisdiction where your use of the Services would be illegal or where your use of the Services would amount to any violation of any applicable law either by you or by Hector Network, which is your obligation to check before using the Services, including but not limited to:
any jurisdiction for which the Services, or any offer or solicitation in respect of the Services, would require registration or licensing or otherwise would be unlawful.
The Services are also not available to any person who is the subject of economic or financial sanctions or trade embargoes administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control (OFAC) or the U.S. Department of State or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom; or (c) any other relevant sanctions authority (“Sanctions”) or is organized or resident in a country or territory that is the subject of country-wide or territory-wide Sanctions.
The information on this page and all other pages owned, operated by, or related to Hector are for educational purposes only and do not constitute any sort of advice. Cryptocurrencies, NFTs and other blockchain offerings are unregulated assets and users should do extensive research into how they work, the potential risks and the tax liability of owning them in their native regions. Users should carefully read all the documents above before accepting.