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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    Tauro Markets Launches Next-Gen Trading Platform to Enhance Global Trading Experience

    2024-10-04T01:27:47Z

    Providing retail and institutional clients with more investment choices, Tauro Markets aims to reshape the trading experience while expanding its global presence

    DUBAI, United Arab Emirates, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Tauro Markets, a multi-asset trading platform, is launching with the financial backing of the newly formed Synervest Group. By moving beyond traditional CFD offerings, Tauro Markets aims to deliver a wider range of innovative financial instruments to both retail and institutional investors worldwide, meeting the evolving demands of today’s financial markets.

    A key aspect of this launch is the integration of advanced financial technologies. Tauro Markets is providing clients with modern tools that allow for seamless trading across multiple asset classes, introducing improved trading algorithms, faster execution speeds, and access to a broader range of digital assets.

    “Our mission is to create a next-gen brokerage platform that leverages our leadership’s deep industry experience, providing a well-rounded suite of investment opportunities,” said Alexander Oelfke, CEO of Tauro Markets. “We’ve taken the lessons learned from our previous ventures and are focused on filling the gaps in the market while also creating solutions that will be relevant for years to come.”

    Backed by the newly formed Synervest Group, a FinTech-focused investment holding company, Tauro Markets operates as the group’s core trading platform, while maintaining operational independence. Synervest provides strategic financial backing, allowing Tauro Markets to benefit from key investments in technology and payment infrastructure. This support positions Tauro Markets to scale its operations and continue expanding into new markets while enhancing its product offerings.

    Tauro Markets is led by an experienced team from reputable firms. Their knowledge will continue to drive growth and global expansion.

    “With a strong leadership team coming together, Tauro Markets is in a prime position to scale its operations and expand into new markets globally,” added Alexander Oelfke.

    For more information, visit the Tauro Markets website at Tauromarkets.com.

    About Tauro Markets

    Tauro Markets is a multi-asset trading platform offering retail and institutional clients access to a broad range of investment products. Through its next-gen brokerage platform, Tauro Markets provides innovative financial tools and opportunities, including Forex, CFDs, commodities, indices, and a wider range of digital assets. Focused on empowering traders with more diverse and flexible investment options, Tauro Markets is working to redefine the trading experience by providing a comprehensive suite of investment products and utilizing advanced financial technologies. Backed by industry veterans and guided by an experienced leadership team, the company plans to make a significant impact in the market.

    Contact
    Contact Persons: Tauro Markets Team
    Organization: Tauro Markets
    Site: Tauromarkets.com
    Email: [email protected]


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