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GDA Lending Offers Clients Collateralized Loans Up to $25M

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The GDA Group, a North American institution that focuses on the adoption of digital assets, now offers collateralized lending and borrowing services for institutional investors through its lending division – GDA Lending.  

GDA Lending gives investors access to lending of a number of digital assets, which will is backed by a tier-1 security lender for loan and borrowing terms of up to $100,000,000, per the company. 

“Institutional investors are becoming increasingly more knowledgeable about digital assets and the unique investment properties they add to a modern portfolio. And now we are looking forward to adding GDA Lending into the GDA Group’s existing portfolio of financial products to deliver safe and seamless digital asset exposure,” comments advisor to the GDA Group James Godfrey. 

The GDA Group says it created one of the industry’s “most vertically integrated portfolios of structured digital asset products.” Earlier last month, the company announced the launch of the Global Fund Management in addition to already operating GDA Capital and Secure Digital Markets.  

“Our existing demand upon the launch of these new products is already significant. Such milestones put us in an opportune position as we move into 2021 fueled by the significant momentum in Q4 that saw some major institutional players come and enter the space,” said GDA Group’s Chief Operating Officer Zachary Friedman. 

GDA says that it delivers all interest payments in USD, EURO, or CAD, utilizes institutional grade custodians with both hot and cold storage for digital asset custody and has the liquidity to execute on over $25 million transactions daily. 

Because of the “tier-1 security lender” backing, GDA says it has the capital infrastructure to also provide financing plans to miners and allow them to use their equipment as collateralized assets. “With sovereign states entering the mining sector and digital asset demand at an all time high, getting capital into the hands of mining groups quickly and securely allows for rapid growth of operations without the need for prior capital deployment and accrued asset yields,” the company says. 

GDA also estimates that the digital asset lending sector will expand to about $73.7 billion in loan origination by 2022.   

The GDA Group consists of several global firms “focused in diverse areas of the blockchain and digital asset industries including capital markets, digital asset offerings, and capital formation, asset management, trading & liquidity, consulting, development, and other related services,” the announcement says.

Additionally, the group says it consulted Fortune 500 companies and governments, and worked on dozens of digital asset launches, “representing over 500 million dollars worth of capital raised, which now total over a billion dollars of market capitalization.” The GDA Group says it has processed over $2.5B of digital asset transactions.

 

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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