Blockchain

Magnify Cash Launches DeFi Protocol and Announces $MAG Token Fair Launch

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    Singapore, Singapore, July 23rd, 2024, Chainwire

     

    A groundbreaking moment in decentralized finance (DeFi) is here as Magnify Cash unveils its state-of-the-art DeFi protocol and announces the upcoming Fair Launch of its native token, $MAG. As a pioneer in financial technology, Magnify Cash is set to reshape the financial services landscape for individuals and enterprises alike.

    The Future of Decentralized Credit Markets

    Magnify Cash is spearheading the next evolution in decentralized credit markets, unlocking liquidity for Real-World Assets (RWAs), Future Yield Tokens (FYTs), and a myriad of digital assets through its innovative, permissionless lending desks.

    Solving Key Financial Challenges

    • Limited Liquidity: Bridging the gap for diverse digital assets.
    • Decentralization: Eliminating centralized and custodial lending limitations.

    Innovative Products and Solutions

    • Permissionless Lending Desks: Facilitate borrowing and lending for any ERC-20 token against RWAs, FYTs, and other digital assets.
    • Decentralized Borrowing Options: Provide lending solutions without intermediaries, ensuring maximum security and transparency.

    Universal Collateral and Currency Support

    Magnify Cash’s Universal Collateral Acceptance feature supports an extensive array of tokenized assets, including ERC-1155 and ERC-721 tokens. Users can now leverage NFTs and tokenized real-world assets such as art, real estate, bonds, and luxury goods as collateral, unlocking liquidity without the need to liquidate these valuable assets.

    Key Features

    • Comprehensive Support: Universal support for lending currencies and loan collateral (ERC-20, ERC-1155, ERC-721).
    • Seamless Operations: Asset-backed borrowing and lending with permissionless creation and management of lending desks.
    • Enhanced Liquidity: Extensive liquidity options for all digital assets, including stablecoins, ETH, liquid staking tokens (LSTs), meme tokens, blue chip NFTs, and treasuries.
    • Advanced Risk Management: A dynamic interest rate model utilizing linear interpolation and scaling factors, eliminating the need for oracles.

    Robust Security and Compliance

    Proven Testnet Success

    • Over 500 lending desks created.
    • More than 500 loans issued.
    • Nearly 5,000 unique users engaged.

    Strategic Alliances and Future Roadmap

    Magnify Cash collaborates with leading industry partners like LydianLabs, FjordFoundry, Jiraiya, Tailored, Blaize, 4am, and H3AT Studios, amplifying the platform’s capabilities and outreach. Key security audits by Guardian Protocol and Gaslite reinforce Magnify Cash’s commitment to providing a secure and reliable platform.

    Currently Live on

    • Base Testnet

    Exciting Upcoming Launches

    • Base Mainnet: Coming Soon (Including RWAs)
    • Ethereum Mainnet: Coming Soon (Including RWAs)
    • Potential Layer 2 launches: Abstract Chain, Blast Chain, and more.

    Fair Launch of $MAG Token

    The $MAG token will be launched through Fjord Foundry’s liquidity bootstrapping protocol, ensuring a fair and transparent distribution. The token sale runs from July 23rd, 8:00 PM EST to July 27th, 8:00 AM EST, with over 70% of tokens allocated to the public. This equitable approach encourages broad participation and fosters a strong, engaged community. Active participants, including lenders, liquidity providers, and borrowers, are rewarded with $MAG tokens.

    Participation Opportunities

    Secure $MAG Tokens: The MAG token sale begins on July 23rd at 8:00 PM EST (July 24th, 8:00 AM Singapore Time). Participants are invited to join the Fair Launch at Fjord Foundry here.

    Explore the Ecosystem: Magnify Cash invites interested parties to discover its comprehensive ecosystem by visiting the Website. Access the Pitch Deck, engaging Intro Video, detailed Whitepaper, and technical Documentation.

    Engage with Our Community: Magnify Cash encourages joining its vibrant community for real-time updates and support. Follow us on Twitter, join the Telegram group, and participate in discussions on Discord.

    About Magnify Cash

    Magnify Cash is a non-custodial and permissionless decentralized credit market that empowers users to lend ERC-20 tokens and borrow against non-fungible tokens (NFTs) and Real-World Assets (RWAs) with unmatched flexibility and transparency. Committed to true decentralization, Magnify Cash ensures universal support for ERC-20 tokens as lending currencies and ERC-1155/ERC-721 assets as collateral. The protocol’s innovative approach to on-chain credit markets offers a fresh perspective in the evolving world of decentralized finance.

    For more information, users can visit https://Magnify.Cash or follow Magnify Cash on Twitter at X.com/MagnifyCash.

    Magnify Media Kit: Link.

     

    Contact

    Press Manager
    Magnify.Cash
    [email protected]

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    WaveMaker Announces React Native Studio, Accelerates iOS and Android App Development

    2024-10-01T12:00:00Z

    Empowers web developers to build native mobile apps, provides custom reusable components with enterprise-grade scaffolding and high quality code generation

    Plano, TX, Oct. 01, 2024 (GLOBE NEWSWIRE) -- WaveMaker, the breakthrough development system for accelerating modern software development, announces React Native studio that makes native mobile app building accessible to web developers familiar with JavaScript.

    React Native technology accelerates and simplifies development of mobile applications that have all of the features commonly found in truly native applications. This has led to a resurgence in demand for mobile applications among organizations. WaveMaker helps overcome React Native skill shortages in developer teams by empowering developers with web skills using a low code approach.

    “Businesses today need to innovate faster than ever, and our React Native-based platform helps them do just that,” said Deepak Anupalli, Co-founder and CTO of WaveMaker. “By combining low code with React Native, we enable teams to build cross-platform, secure, enterprise-grade and experience rich mobile apps at a fraction of the time and cost. This solution is designed to help companies stay ahead in a fast-moving, mobile-first world.”

    WaveMaker Studio for React Native provides web developers a familiar JavaScript paradigm to create apps for both iOS and Android devices from a single codebase, and translates complex CSS and components into high quality React Native code. The integrated low code driven development environment comes with tools for testing, debugging, installer creation and deployment.

    WaveMaker uses a unique reusable prefab component system that serves both web and mobile application architectures. While factory components can be used with minimal customization, it provides a way for developers to bring in their custom components and design system elements. This significantly reduces development time and ensures a consistent user experience across both web and mobile platforms.

    With React Native at its core, WaveMaker’s platform empowers developers to build seamless, native-like apps for both iOS and Android from a single codebase, significantly reducing time-to-market. The platform integrates agile methodologies, allowing for iterative development and quick adaptation to market changes, enabling companies to release apps up to thrice as fast.

    WaveMaker uses its cloud infrastructure to allow customers to access scalable resources and streamline deployment processes. This reduces operational costs and enhances the overall performance and reliability of web and mobile applications built on the platform.

    About WaveMaker

    WaveMaker, Inc. is a privately held independent software vendor that offers enterprise teams building a large number of web and mobile applications a high-performance accelerator platform that is driven by AI and low code. A unique component architecture and scaffolding based on open standards makes the platform highly customizable, secure, generate extensible Angular and React Native code, and open to third party integrations. Global companies in fintech, banking, telecom, and healthcare across 17 countries use WaveMaker platform to deliver API-driven, enterprise-grade web and mobile software to their customers. WaveMaker is headquartered in the Dallas-Fort Worth metro area with R&D in Hyderabad, India. For more information, visit wavemaker or follow @WaveMaker on Twitter and LinkedIn.

    CONTACT: Joanne Hogue
Smart Connections PR for WaveMaker
+1 (410) 658-8246  
[email protected]

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