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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    Robo Advisory Market Forecast Report and Competitive Analysis to 2030, Featuring Betterment, Fincite, Wealthfront, The Vanguard Group, Ellevest, Wealthify, SoFi Technologies & SigFig Wealth Management

    2024-10-01T15:38:37Z

    Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Robo Advisory Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.

    The future of the global robo advisory market looks promising with opportunities in the retail investor and high net worth individual markets. The global robo advisory market is expected to reach an estimated $24.6 billion by 2030 with a CAGR of 23.4% from 2024 to 2030.

    The major drivers for this market are growing use of digital technologies within the financial services industry, increasing consumers preference for robo advisers rather than traditional investing services, and incorporation of artificial intelligence into investing operations.

    Robo Advisory Market Insights

    • Hybrid robo advisors will remain the larger segment over the forecast period because they mix the efficiency and reliability of robotic algorithms with the human element of a personal financial counselor.
    • Within this market, high net worth individual will remain a larger segment due to increasing demand for HNWIs by private equity managers to safeguard their investments.
    • APAC is expected to witness the highest growth over the forecast period due to the customers' growing knowledge of the benefits of using automated financial assistance for investments and savings.

    Robo Advisory by Segment

    The study includes a forecast for the global robo advisory by type, provider, service type, end use, and region.

    Robo Advisory Market by Type:

    • Pure Robo Advisors
    • Hybrid Robo Advisors

    Robo Advisory Market by Provider:

    • Fintech Robo Advisors
    • Banks
    • Traditional Wealth Managers
    • Others

    Robo Advisory Market by Service Type:

    • Direct Plan-Based/Goal-Based
    • Comprehensive Wealth Advisory

    Robo Advisory Market by End Use:

    • Retail Investor
    • High Net Worth Individuals

    Robo Advisory Companies

    Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain.

    With these strategies robo advisory companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.

    Companies profiled in this report include:

    • Betterment
    • Fincite
    • Wealthfront
    • The Vanguard Group
    • The Charles Schwab
    • Ellevest
    • Ginmon Vermogensverwaltung
    • Wealthify
    • SoFi Technologies
    • SigFig Wealth Management

    Features of the Global Robo Advisory Market

    • Market Size Estimates: Robo advisory market size estimation in terms of value ($B).
    • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
    • Segmentation Analysis: Robo advisory market size by type, provider, service type, end use, and region in terms of value ($B).
    • Regional Analysis: Robo advisory market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
    • Growth Opportunities: Analysis of growth opportunities in different type, provider, service type, end use, and regions for the robo advisory market.
    • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the robo advisory market.
    • Analysis of competitive intensity of the industry based on Porter's Five Forces model.

    This report answers the following key questions:

    • What are some of the most promising, high-growth opportunities for the robo advisory market by type (pure robo advisors and hybrid robo advisors), provider (fintech robo advisors, banks, traditional wealth managers, and others), service type (direct plan-based/goal-based and comprehensive wealth advisory), end use (retail investor and high net worth individuals), and region?
    • Which segments will grow at a faster pace and why?
    • Which region will grow at a faster pace and why?
    • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
    • What are the business risks and competitive threats in this market?
    • What are the emerging trends in this market and the reasons behind them?
    • What are some of the changing demands of customers in the market?
    • What are the new developments in the market? Which companies are leading these developments?
    • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
    • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
    • What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

    Key Topics Covered:

    1. Executive Summary

    2. Global Robo Advisory Market: Market Dynamics
    2.1: Introduction, Background, and Classifications
    2.2: Supply Chain
    2.3: Industry Drivers and Challenges

    3. Market Trends and Forecast Analysis from 2018 to 2030
    3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
    3.2. Global Robo Advisory Market Trends (2018-2023) and Forecast (2024-2030)
    3.3: Global Robo Advisory Market by Type
    3.4: Global Robo Advisory Market by Provider
    3.5: Global Robo Advisory Market by Service Type
    3.6: Global Robo Advisory Market by End Use

    4. Market Trends and Forecast Analysis by Region from 2018 to 2030
    4.1: Global Robo Advisory Market by Region
    4.2: North American Robo Advisory Market
    4.3: European Robo Advisory Market
    4.4: APAC Robo Advisory Market
    4.5: ROW Robo Advisory Market

    5. Competitor Analysis
    5.1: Product Portfolio Analysis
    5.2: Operational Integration
    5.3: Porter's Five Forces Analysis

    6. Growth Opportunities and Strategic Analysis
    6.1: Growth Opportunity Analysis
    6.2: Emerging Trends in the Global Robo Advisory Market
    6.3: Strategic Analysis
    6.3.1: New Product Development
    6.3.2: Capacity Expansion of the Global Robo Advisory Market
    6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Robo Advisory Market
    6.3.4: Certification and Licensing

    7. Company Profiles of Leading Players

    • Betterment
    • Fincite
    • Wealthfront
    • The Vanguard Group
    • The Charles Schwab
    • Ellevest
    • Ginmon Vermogensverwaltung
    • Wealthify
    • SoFi Technologies
    • SigFig Wealth Management

    For more information about this report visit https://www.researchandmarkets.com/r/mvaoe4

    About ResearchAndMarkets.com
    ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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