Blockchain

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

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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Inventory Financing Market to Reach $558.7 Billion, Globally, by 2033 at 10.5% CAGR: Allied Market Research

2024-10-03T16:00:00Z

The global inventory financing market is experiencing growth due to several factors such as the growing working capital requirements among businesses, the rapid growth of e-commerce activities, and the considerable rise in cross-border operations across the world.

Wilmington, Delaware, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Inventory Financing Market by Product Type (Inventory Loans, Inventory Lines of Credit and Others), Organization Size (Small and Medium-sized Enterprises and Large Enterprises), Distribution Channel (Online and Offline), and Industry Vertical (Retail and E-commerce, Manufacturing, Pharmaceuticals, Food & Beverage and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the inventory financing market was valued at $205.7 billion in 2023, and is estimated to reach $558.7 billion by 2033, growing at a CAGR of 10.5% from 2024 to 2033. 

Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A324204  

Prime determinants of growth   

The global inventory financing market is experiencing growth due to several factors such as the growing working capital requirements among businesses, the rapid growth of e-commerce activities, and the considerable rise in cross-border operations across the world. However, stringent requirements for collateral valuation, creditworthiness assessments, and repayment terms, along with poor inventory management practices hinder market growth to some extent. Moreover, the rise in technological developments, such as artificial intelligence and big data analytics, along with the growing financing needs among SMEs to manage inventory, especially in developing countries offer remunerative opportunities for the expansion of the global inventory financing market.  

Report coverage & details  

Report Coverage     Details   
Forecast Period    2024–2033   
Base Year     2023   
Market Size in 2023    $205.7 billion   
Market Size in 2033    $558.7 billion   
CAGR    10.5%   
No. of Pages in Report    250   
Segments Covered    Product Type, Organization Size, Distribution Channel, Industry Vertical, and Region. 
   Drivers    
  • Growing working capital requirements among businesses   
  • Rapid growth of e-commerce activities   
  • Considerable rise in cross-border operations across the world   
   Opportunities   
  • Rise in technological developments, such as artificial intelligence and big data analytics   
  • Growing financing needs among SMEs to manage inventory 
   Restraints     
  • Stringent requirements for collateral valuation, creditworthiness assessments, and repayment terms   
  • Poor inventory management practices 

Segment Highlights 

The inventory line of the credit segment is expected to grow faster throughout the forecast period.  

Based on the product type, the inventory line of credit segment held the highest market share in 2023, accounting for about two-fifths of the global inventory financing market revenue throughout the forecast period. The demand for inventory lines of credit is driven by the growing need for working capital requirements among SMEs and large enterprises. In addition, the rapid rise in innovations across financial technology has made it easier for businesses to apply for, manage, and draw from inventory lines of credit, which drives market growth.  

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A324204  

The large enterprises segment is expected to register the largest share throughout the forecast period.  

Based on the organization size, the large enterprises segment held the highest market share in 2023, accounting for nearly three-fifths of the global inventory financing market revenue. This growth can be attributed to the increasing availability of financing options from traditional banks, alternative lenders, and private equity firms for access to inventory financing, along with the rise in focus on sustainable sourcing and production practices. Moreover, the rise of financial technology (fintech) solutions has streamlined the inventory financing process, making it more efficient and accessible for large enterprises, which is accelerating the growth of the market in this segment.  

The online segment is expected to garner faster growth throughout the forecast period.  

Based on the distribution channel, the online segment held the highest market share in 2023, accounting for about three-fifths of the inventory financing market revenue globally. This growth is driven by the rapid expansion of e-commerce and has significantly increased the demand for inventory financing among online retailers, which is accelerating the growth of the inventory financing market. In addition, the rapid digitalization of financial services has made inventory financing more accessible to businesses. Online platforms provide streamlined application processes, quick approvals, and easy access to funds, which is expected to drive the growth of the inventory financing market in this segment.  

The retail & e-commerce segment is expected to grow faster throughout the forecast period.  

Based on the industry vertical, the retail & e-commerce segment held the highest market share in 2023, accounting for about two-fifths of the global inventory financing market revenue throughout the forecast period. The demand for inventory financing in the retail & e-commerce fields is driven by the increasing need to effectively manage inventory to optimize cash flow and ensure product availability and the growing awareness of seasonal demand fluctuation among retailers. In addition, inventory financing can facilitate e-commerce companies and retailers to expand their business operations which may create the need for additional capital to scale operations, enter new markets, or introduce new product lines, which drives the market growth.  

North America to maintain its dominance by 2033  

Based on region, North America held the highest market share in terms of revenue in 2023, accounting for nearly two-fifths of the global inventory financing market revenue throughout the forecast timeframe. The growth is primarily driven by the complexity and globalization of supply chains requiring businesses to maintain larger and more diverse inventories, along with the rising focus of businesses to better manage cash flow needs, which drives the growth of the inventory financing market. In addition, the growth of the retail and e-commerce sectors has significantly increased the need for inventory financing to meet consumer demand and remain competitive, especially during peak shopping seasons, which is expected to boost market growth.  

Players 

  • Bajaj Finserv  
  • Bank of America Corporation  
  • Bluevine Inc.  
  • Credibly  
  • Crestmont Capital LLC  
  • Drip Capital Inc.  
  • First Citizens BancShares, Inc.  
  • Fundbox, Inc.  
  • JPMorgan Chase & Co.  
  • Wells Fargo  

The report provides a detailed analysis of these key players in the global inventory financing market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

Request Customization:  https://www.alliedmarketresearch.com/request-for-customization/A324204  

Key Benefits for Stakeholders 

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the inventory financing market analysis from 2024 to 2033 to identify the prevailing inventory financing market opportunities. 
  • The market research is offered along with information related to key drivers, restraints, and inventory financing market opportunity. 
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network in inventory financing market outlook. 
  • In-depth analysis of the inventory financing market segmentation assists to determine the prevailing market opportunities. 
  • Major countries in each region are mapped according to their revenue contribution to the global inventory financing market forecast. 
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the inventory financing market players. 
  • The report includes the analysis of the regional as well as global inventory financing market trends, key players, market segments, application areas, and market growth strategies. 

Inventory Financing Market Report Highlights 

By Product Type 

  • Inventory Loans 
  • Inventory Lines of Credit 
  • Others 

By Organization Size 

  • Small and Medium-sized Enterprises 
  • Large Enterprises 

By Distribution Channel 

  • Online 
  • Offline 

By Industry Vertical 

  • Retail and E-commerce 
  • Manufacturing 
  • Pharmaceuticals 
  • Food & Beverage 
  • Others 

By Region 

  • North America (U.S., Canada) 
  • Europe (France, Germany, Italy, Spain, UK, Rest of Europe) 
  • Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific) 
  • LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Mexico, Rest of LAMEA) 

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We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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