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War of Crypto Unveils an In-Game Cryptocurrency That Contains $600 USD Worth of Another Cryptocurrency

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War of Crypto

War of Crypto (WoC) a blockchain-based PvP multiplayer game for PC, Android, and iOS has just announced via Twitter that their most valuable in-game ERC-1155 token will be a character named Daagon that comes with a “Golden Potato Skin”. There will only be 10 copies of this hero, they will all contain 10,000 in Enjin Coin (ENJ) each, and they will be one of 11 rare Heroes available during WoC’s pre-sale. These heroes will be the first ERC-1155 tokens to ever go on sale, and some of the first cryptocurrencies to be backed by another cryptocurrency, Enjin Coin. War of Crypto’s pre-sale of characters will begin on the 28thof July and will offer a range of heroes and skins that will only be attainable through peer-to-peer markets, once the pre-sale has completed.

“To certify the value of our pre-sale items, we’ve decided to back them with 300,000 Enjin Coin, valued at $30,000 at time of creation. This is the first time anyone has ever used cryptocurrency in this way,” said Lucille Games CEO Daniel Matias.

“Only 1,500 pre-sale heroes with special skins will be created, and they will not be reproduced after they’ve sold out. Considering that an ecosystem of potentially more than 100,000 users post-Beta will generally hold millions of heroes, these pre-sale items will be insanely rare and valuable to our player base.”

As a cryptocurrency, Enjin Coin is comparable to a digital gold standard for blockchain items. Any business that uses Enjin’s development kits places an amount of ENJ inside each item, primarily to certify that the item was created using Enjin’s development toolkit and therefore plugs into the Enjin Coin ecosystem. This ensures that items are supported by the necessary ERC-1155 compatible smart contracts, wallet apps, blockchain explorers, APIs, and scaling solutions. As a secondary utility, ENJ enables projects to offer investors a guaranteed cryptocurrency value stored within their items.

During the pre-sale, the War of Crypto team will be accepting ENJ, Ethereum (ETH), and Fiat for purchases. During War of Crypto’s pre-sale, investors can purchase crystals that will go up in price as the pre-sale continues. Once obtained these crystals will transform into random unique heroes with exclusive skins. War of Crypto is using ENJ to certify the value of these items, however, they could be sold for a lot more on the open market. These skins are extremely rare, once the pre-sale completes they will never be created again and will only be available in peer-to-peer markets. That means pre-sale investors will completely control the market for these items.

Although the game is in the early development stage, its gameplay can be described as a mix between Clash of Clans, Hearthstone, and Pokémon. War of Crypto heroes will be stored on the blockchain, giving players full sovereignty over their in-game assets. This means WoC’s characters will be more decentralized, transparent, immutable, and secure than characters in other games. A detailed history of each hero will remain permanently on the blockchain, allowing game characters to maintain interesting user-defined backstories. This is expected to become a gameplay feature in and of itself.

War of Crypto will utilize the Enjin Coin ecosystem to integrate their items into the blockchain. Enjin Coin, inventors of the ground-breaking ERC-1155 token standard which enables game developers to create tokens more feature-rich than Bitcoin, Ethereum, or even Enjin Coin itself, is now releasing their next-generation smart contracts to Mainnet. This will enable innovations such as cryptocurrency-backed items, detailed metadata, commissionable trading markets, and compounding items, all of which will be managed and authenticated by the Ethereum blockchain.

For more information visit http://www.warofcrypto.com.au

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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A Guide to Exploring the Singaporean ETF market

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Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.

The Singaporean ETF Market: Exponential Growth

The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics. 

One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.

The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.

Regulatory Landscape and Investor Protection

The Monetary Authority of Singapore (MAS) is the…

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore

Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
  • When you are applying for a loan with a Housing…
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic

CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

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