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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    OnEquity Announces Antonis Ioannou as Chief Marketing Officer

    2024-10-02T21:03:12Z

    OnEquity is pleased to announce the appointment of Antonis Ioannou as its new Chief Marketing Officer

    Victoria, Seychelles, Oct. 02, 2024 (GLOBE NEWSWIRE) -- OnEquity is proud to announce the appointment of Antonis Ioannou as its new Chief Marketing Officer (CMO). With over 14 years of experience in marketing and a strong operational background in the FinTech and commercial software sectors, Antonis brings a wealth of expertise that will significantly bolster OnEquity’s marketing and strategic initiatives.

    "I’m genuinely excited to join OnEquity as Chief Marketing Officer," said Mr. Ioannou. "With my background in brokerage operations and a passion for innovative marketing, I’m eager to dive in and contribute to the company’s growth. OnEquity is a fast-growing company with immense potential for global expansion, and I’m looking forward to working with the team to help realize that vision. Together, we’ll continue delivering cutting-edge solutions to our clients and strengthening partnerships worldwide."

    A Proven Leader in FinTech and Brokerage Innovation

    Antonis Ioannou brings extensive marketing expertise and a deep understanding of FinTech operations. With hands-on experience from the ground up—including the development of innovative brokerage solutions and leveraging FinTech technology—Antonis is adept at connecting and aligning teams to drive success. His background equips him to seamlessly integrate all aspects of the business, making him an invaluable asset as OnEquity continues its global expansion and strives to deliver exceptional value to clients and partners alike. Having worked directly in production, he knows how to enhance efficiency and optimize processes across the organization.

    As OnEquity expands globally, Antonis is ready to amplify the company’s growth and deliver outstanding value to clients and partners.

    Join us at the Forex Dubai Expo 2024, taking place on October 7 & 8, 2024, at the Dubai World Trade Centre, UAE. Visit us at Booth #125 to connect and explore how OnEquity is shaping the future of trading.

    For more information about our participation, visit: Forex Dubai Expo 2024.

    For more information on OnEquity or to connect with Antonis, please visit his LinkedIn profile here

    About OnEquity

    OnEquity is a regulated online trading platform, offering access to a diverse range of financial markets. The company adheres to stringent financial regulations to ensure client protection and provide a secure trading environment. Find out more about OnEquity here

    For more information contact: [email protected]

    Contact:
    OnEquity
    Email: [email protected]
    Victoria, Seychelles

    Disclaimer: Risk Warning: Products are leveraged and carry a high level of risk, which can result in the loss of your entire capital. Such products may not be suitable for all investors. It is crucial to fully understand the risks involved. The content of this press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any by the news distributor. The content should not be relied upon for making any investment or trading decisions. We, the distribution company, its employees, and its affiliates, are not registered investment advisors. Please consult your professional financial advisor before making any investment decisions. Check the website for more details.https://onequity.com


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