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PRESS RELEASE. EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is going live with an upgraded version 2 contract on Monday, November 29th at 11:00 pm UTC. The new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks through PancakeSwap, UniSwap, and QuickSwap, respectively, with one supply across the three blockchains and balanced initial liquidity pools.
This is the first time a token has launched on three chains at the same time and marks the first time the RISE token will be available on Polygon. The token was previously available on both the Binance Smart Chain and Ethereum.
The upgraded contract features several noteworthy innovations and changes. Larry from Certik.io noted in an update to the EverRise community, “The upgraded EverRise contract is a technological tour de force. The Certik team is impressed with the level of innovation and engineering.”
The most significant new feature is the introduction of staking, replacing reflections, and allowing the transaction tax to be reduced from 11% to 6%. Holders choosing to stake their tokens have the flexibility of choosing between one and twelve months staking pools. The reward pool is fed by a brand new automated buyback. Instead of sending tokens to the burn address, the upgraded automated buyback distributes the purchased tokens to the staking reward pool. Tokens will no longer be burned as the supply is now fixed and consolidated in a 10,000:1 ratio to just under 72 billion tokens (71,618,033,988).
With the v2.0 launch, the EverRise ecosystem of decentralized application (dApps) will be available to developers on all three chains to bring security and assurance to project developers and investors. EverRise currently offers EverOwn, a smart contract locker, and EverBridge, a cross blockchain bridge capable of block speed transfers, to developers. EverSale, EverLock, EverWallet, and EverSwap are currently planned and in development.
EverRise developed two new dApps, EverMigrate and EverStake, to go accompany the upgraded contract. EverMigrate helps to streamline the token migration process and EverStake allows holders to stake their new tokens. EverMigrate will be made available to other projects looking to transition to a new smart contract at a later date.
Besides the new dApps on the horizon, EverRise is looking forward to bringing both their token and ecosystem of dApps to more blockchains in the future. They are committed to bringing safety and security to the entire DeFi space.
About EverRise
EverRise is a blockchain technology company focused on increasing accessibility to decentralized finance by bringing security solutions to the space. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers the tools to access the widest possible market with the maximum level of security. They are working towards the mass adoption of safety protocols across Binance Smart Chain, Ethereum, and Polygon networks and currently offer EverBridge, EverOwn, EverMigrate, and EverStake with more on the way.
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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



























PRESS RELEASE. EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is going live with an upgraded version 2 contract on Monday, November 29th at 11:00 pm UTC. The new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks through ...

news.bitcoin.com

Security Focused DeFi Project EverRise Upgrades Protocol and Launches on 3 Blockchains

The technical chart of the MATIC coin shows a steady uptrend of higher highs and lower highs. After its recent rejection from the $2.2, the coin price was plunged to the 0.618 Fibonacci retracement level. However, the price indicated a presence of good demand pressure from this support; can we expect to uptrend to continue from here?
Key technical points:

The MATIC coin price trying to breach a significant horizontal resistance level of $1.7
The 100-day EMA line is providing strong support to the coin price
The intraday trading volume in the MATIC coin is $1.5 Billion, indicating a 70.25% gain


Source- MATIC/USD chart by Tradingview
The MATIC coin displayed a remarkable rally in October, making a new higher high of $2.2. Later the coin price was rejected from this level and entered a retracement phase. The first half of November contributed entirely to this pullback; however, the chart displayed sufficient demand pressure at the 0.168 FIB level.
With the confluence of the 0.618 FIB level and 100 EMA at this level, the coin obtains enough support to initiate a new rally. The overall trend for MATIC coin is bullish as per the crucial EMAs(20, 50, 100, and 200).
The Relative Strength Index(51) experience a significant drop during the retracement phase, and therefore, it should now have enough room to support a new rally.
MATIC/USD Chart In The 4-hour Time Frame

Source- MATIC/USD chart by Tradingview
What stands between the coin price and the previous swing high is an important resistance zone of $1.81-$1.76. The current price of the MATIC coin is $1.71, and it is facing strong rejection from the overhead resistance.
Though the price still has support from the 50 and 200 EMA line in the 4-hour time frame, a better confirmation for the price recovery will be obtained when the price breaks out from the $1.81.
The traditional pivot shows remarkable confluence with the MATIC/USD chart levels. According to these pivot levels, the crypto traders can expect the next resistance after 1.83, at the $1.93 mark, followed by $2. As for the opposite end, the support levels are $1.6 and $1.45.
 
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The post MATIC Price Analysis: This Next Rally In Polygon Should Reclaim The $2.2 Mark appeared first on Coingape.


The technical chart of the MATIC coin shows a steady uptrend of higher highs and lower highs. After its recent rejection from the $2.2, the coin price was plunged to the 0.618 Fibonacci retracement level. However, the price indicated a presence of good demand pressure from this support; can we ex...

coingape.com

MATIC Price Analysis: This Next Rally In Polygon Should Reclaim The $2.2 Mark

Polygon, an Ethereum scaling platform onboarding millions to Web3, has announced the addition of convenient and flexible fiat payment onramps for the Polygon Network, thanks to a new partnership with Alchemy Pay.
Alchemy Pay will create a bridge between fiat and crypto payments by embedding into the Polygon Network, enabling any Polygon-based protocol to set up a fiat on-ramp. The new capability is expected to propel the next phase of growth for Polygon’s DeFi ecosystem. 
More than 4,000 hosted applications within Polygon’s DeFi ecosystem will now be able to enact transactions on their DeFi apps via direct fiat on-ramps to traditional financial payment platforms like Visa, Mastercard, PayPal and multiple local payment channels around the world. The move will also simplify DeFi app payments on e-commerce platforms, such as Shopify and other networks. Alchemy Pay currently handles $5 million daily transactions, primarily from Asia and Europe. A greater volume of US transactions is expected after Shopify completes integration with Polygon by the end of 2021. 
Sandeep Nailwal, co-founder of Polygon, said: “DeFi protocols have been flourishing but challenges with Ethereum’s usability at a global scale have slowed development. Scaling solutions are vital to DeFi’s ability to go mainstream. Polygon is already solving the problem of Ethereum’s slow and costly transactions, and now thanks to Alchemy Pay, we can provide an essential gateway between fiat and crypto transactions. This development opens up new capital inroads that will propel users of polygon’s DeFi ecosystem onto the next level in their commercial development.”
Polygon’s full-stack scaling solution is leading the way in reducing congestion on the Ethereum mainchain. In September, the number of daily active users on Polygon regularly surpassed those on Ethereum. Rather than being a competitor to Ethereum, however, Polygon facilitates the use of platforms on the Ethereum network. 
Still, DeFi advocates recognize that Ethereum also needs to find more ways to accept fiat into the ecosystem. The network’s ability to handle transactions between fiat and cryptocurrencies will be crucial for attracting new users.
“The Integration of fiat payment options is key to the goal of a frictionless payment experience on crypto networks,” said John Tan, CEO of Alchemy Pay. “It will reduce the tendency of users to hold tokens long term, and make it more appealing to use them within decentralized apps. This, in turn, will appeal to developers who want to build DApps that people can actually use. Both Polygon and Alchemy Pay enable people to use blockchain apps and DeFi platforms rather than just speculate on the tokens.” 
Nailwal added: “With the hybrid crypto-fiat support of Alchemy Pay, Polygon now will have a much broader scope for development as well as a stronger appeal for adoption. By empowering Polygon and Ethereum with more seamless and flexible fiat-crypto payment channels, Alchemy Pay is supporting the DeFi sector at a fundamental level.”
Polygon and Alchemy Pay are also part of a newly-forming Blockchain Infrastructure Alliance (BIA) of industry infrastructure builders and leaders. The BIA is made up of crypto exchanges, stablecoin issuers, DeFi platforms, payment solutions, and other essential roles to jointly promote and drive the growth and advance of the cryptocurrency and blockchain space. The BIA funds blockchain research and nurtures projects that seek to optimise decentralised finance and blockchain infrastructure.
About Alchemy Pay
Alchemy Pay is an integrated fiat and cryptocurrency gateway solutions provider, powering seamless crypto and fiat acceptance for merchant networks, developers and financial institutions. The company drives adoption of blockchain technology by making crypto investment, commercial transactions, and DeFi services readily accessible to consumers and institutions in the fiat economy. Today, Alchemy Pay supports over 60 countries with 200 payment channels and has touchpoints with more than 2 million merchants through partnerships with industry giants such as Binance, Shopify, Arcadier, QFPay and more.
 
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.
 
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
 
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Polygon, an Ethereum scaling platform onboarding millions to Web3, has announced the addition of convenient and flexible fiat payment onramps for the Polygon Network, thanks to a new partnership with Alchemy Pay. Alchemy Pay will create a bridge between fiat and crypto payments by embedding into ...

Polygon Deploys Fiat on-Ramps via Alchemy Pay, Enabling Direct Fiat Payments for DeFi

  
Futurent launches the world’s first true fractional NFT (non-fungible tokens) real estate platform, proving to be a pioneer in this sector. 



The platform will be available on numerous blockchains, starting with Polygon (MATIC), aimed at Ethereum users who are looking for low-fee network solutions.



One of the most attractive features of this platform is that it allows anyone to purchase or sell fractional NFT real estate, meaning that one piece of property can be shared among several users. Additionally, Futurent is also aiming to provide users with the ability to purchase luxury cars and boats through cryptocurrency. Users’ safety will be secured by Futurent’s DeFi protocols which will facilitate NFT Real Assets ownership rights. 



The Futurent platform



Futurent’s revolutionary platform will allow users who want to invest, sell, buy, or rent real estate, luxury cars, or boats, to make their payments through their website with a variety of cryptocurrencies, including their native token, the $FUTR token. 



The benefits of using their native token will be lower gas fees and more rewards for the traders. To offer security, the company will own each property, and ownership rights will be claimed by owning an NFT Brick, which will be tradeable for as little as $500 at any given moment.



Futurent is also offering their users further benefits, by giving them the potential to earn an APY of up to 120% in a flexible monthly, quarterly, or yearly, lock-in period. Each period is thus paired with rewards linked to NFT Lottery Tickets:



Luxury trip to Burj Al ArabA premium car (Lamborghini or Tesla)Luxury boats will be soon added to the package. 



Futurent is planning major marketing campaigns, a triple IDO launch, an IEO launch on CEX, a CEX listing, and much more. 



About Futurent



Futurent is a blockchain-based rental & trading platform for real estate & luxury cars, later on adding luxury boats and other goods. It employs DeFi protocols to enable fractional NFT ownership rights of real-world assets in the simplest way possible. Users will also be able to rent listed assets in multiple cryptocurrencies. For more information, please visit Website | Twitter | Telegram | Discord |Reddit | Medium. 
  The post World’s First True Fractional NFT Real Estate Platform Launches on Polygon appeared first on BeInCrypto.


Futurent is planning major marketing campaigns, a triple IDO launch, an IEO launch on CEX, a CEX listing, and much more. 
The post World&#8217;s First True Fractional NFT Real Estate Platform Launches on Polygon appeared first on BeInCrypto.


beincrypto.com

World’s First True Fractional NFT Real Estate Platform Launches on Polygon

  
On Nov 5, a bad actor managed to steal a trove of BZRX tokens and other cryptocurrencies on BSC and Polygon by using bZx private keys that were obtained in a phishing attack. The attacker was then able to deposit the stolen BZRX as collateral to borrow against other funds on the protocol.



bZx is an L2 DeFi margin lending protocol that runs on Ethereum, Polygon, and BSC. The deployment, governance, and DAO vault on Ethereum were not affected by the phishing attack, nor was the bZx smart contract. 



The attack granted the hacker keys to the Polygon and BSC deployment of the bZx protocol and affected lenders, borrowers, and farmers, and those who had given unlimited approvals to those contracts. Funds were then removed from the BSC and Polygon implementation of bZx. 



Blockchain ecosystem auditors Slowmist estimated the value of the lost funds to be in the region of $55M.



Timeline of the attack



bZx released a preliminary report on the attack method, timeline, and repercussions. Initially, a developer’s mnemonic wallet phrase was compromised. 



Early on, bZx was notified of a negative balance in a user’s account and that utilization rates were high. Thereafter bZx determined there had been suspicious activity on the Polygon and BSC deployments, and tracked stolen funds to wallet addresses. The attacker moved the stolen funds throughout Binance, KuCoin, and Circle, who were notified to take mitigatory action.



Etherscan, a tool to view data on any pending or confirmed Ethereum blockchain transactions, revealed the addresses of the wallets containing the stolen funds.



Polygon:



0xafad9352eb6bcd085dd68268d353d0ed2571af89 (2 million BZRX)



BSC: 



0x74487eed1e67f4787e8c0570e8d5d168a05254d4 (10 million BZRX)



0x967bb571f0fc9ee79c892abf9f99233aa1737e31 (2.5 million BZRX)



0x0ACC0e5faA09Cb1976237c3a9aF3D3d4b2f35FA5 (Primary hacker wallet)



Ethereum:



0x74487eed1e67f4787e8c0570e8d5d168a05254d4 (10 million BZRX)



0x967bb571f0fc9ee79c892abf9f99233aa1737e31 (12 million BZRX) 



0x967bb571f0fc9ee79c892abf9f99233aa1737e31 (82K BZRX)



0x74487eEd1E67F4787E8C0570E8D5d168a05254D4 (4 million ETH, primary hacker wallet)



0x1ae8840ceaef6eec4da1b1e6e5fcf298800b46e6 (USDT was frozen, hacker wallet)



0xAfad9352eB6BcD085Dd68268D353d0ed2571aF89 ($1.4 million DAI, $243K USDC, $15m ETH, hackers wallet)



0x967bb571f0fc9ee79c892abf9f99233aa1737e31 (2 million ETH, hacker wallet)



0x6abcA33faeb7deb1E61220e31054f8d6Edacbc81 (1.5 million BZRX, hacker wallet, internal transactions from KuCoin) 



0x1Ae8840cEaEf6EeC4dA1b1e6e5FCf298800b46e6  (Hacker sent funds out from KuCoin to this address)



bZx response



bZx claims that it is working with law enforcement, exchanges, and investigators to identify the perpetrator and recover the stolen funds. It’s relaunching the Polygon and BSC deployments under Decentralized Autonomous Organization (DAO) control and are developing a compensation plan for affected users. 



It’s also published a message to the attacker, encouraging them to return the stolen funds in return for a bounty. Users are reminded to revoke any bZx contract approval on Polygon or BSC.



An earlier bZx attack in February 2020 saw $500.000 in ETH stolen. After that, the DeFi lending protocol team worked to strengthen security on L2 by allowing an external audit of the core protocol.
  The post An Estimated $55M Stolen in bZx Phishing Attack appeared first on BeInCrypto.


A bad actor managed to steal a trove of BZRX tokens and other cryptocurrencies on BSC and Polygon by using bZx private keys that were obtained in a phishing attack.
The post An Estimated $55M Stolen in bZx Phishing Attack appeared first on BeInCrypto.


Polygon price	$1.76
Low - High 24H	$1.63 - $1.85
Market cap	$12.17B
Volume 24H	$995.51M
All time high	$2.62 -32.67% May 18th 2021
All time low	$0.003144 56025.64% May 10th 2019
Genesis date	N/A

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