Day: April 8, 2021

Indianapolis, 8th April 2021, ZEXPRWIRE – In 2018, recording artist Kid Quill from Indianapolis, IN could be seen wearing a pair of Nike Air Force 1s every night for months on end. But these weren’t an average pair as they were camouflaged in signatures from thousands of fans from his first tour.

Fast-forward to 2021, artists still aren’t performing due to COVID-19, but Quill is keeping his touring roots alive in spirit with his first NFT (non-fungible token). On Friday, April 9, a 3D model of those signed shoes will be auctioned off as an NFT.

In addition, this NFT is incentivized with a lifetime backstage experience attached to it. The rules being that the present owner of the NFT will receive a private, backstage meet & greet redeemable once per tour.

“NFTs are an intriguing concept just as a standalone piece, so to incorporate a real life element alongside it I think can be very powerful and make it more valuable to people on the fence about getting into the crypto world.” Quill said.

On the tour that consisted of fans signing the AF1s, Quill performed at Our Music Festival, the first decentralized music festival network powered by a cryptocurrency. OMF was founded by Justin Blau (3LAU), the EDM musician selling his first NFT for a record-breaking $3.6 million in  February.

The silent auction will be taking place on NFT marketplace Rarible. As Rarible does not showcase public bidding, Quill will be sharing the highest bidder hourly on his personal website.

For more information and to follow the auction, visit KidQuill.com.

Creative Direction for the NFT by BJ Jensen & design by Nick Proctor, both from Indianapolis, IN (the same as Kid Quill).

Media Contacts

Name – Strime

Email – [email protected]

Company – KidQuill

The post Recording Artist Kid Quill Auctioning Lifetime Backstage Experience with NFT appeared first on Zex PR Wire.

Valletta, Malta, 8th April 2021, ZEXPRWIRE – DYP Finance is introducing its bridge between the Binance Smart Chain and its host protocol, the Ethereum network. The protocol has achieved great lengths in transforming the DeFi space for safer options for users in a short while.

DYP grabbed crypto enthusiasts’ attention as a liquidity providing protocol allowing anyone to participate in the process and get their rewards for the first time in Ethereum. It also offers lucrative returns of up to 269% APY while utilizing its pools.

Furthermore, its anti-manipulation feature adds juice to its unique narrative, offering more confidence in decentralized finance. The protocol directly converts its DYP tokens into ETH rewards with minimal price changes. 

The over-the-top growth it has seen so far is only seeing its beginning as the protocol prepares to unleash new tools for all users. It now boasts over $19M in liquidity on Uniswap and still rising, standing at a 20x uptrend since its launch.

In other sectors, the protocol has distributed over $14.87 million in Ethereum to liquidity providers (LP), totalling about 7139 ETH.

Its integration with the BSC is one more step towards the right growth direction and more support from its users as it increases liquidity to DYP. Additionally, it is the gateway to more developments laying ahead of its roadmap for the near future.

How Users Will Benefit from the Binance Smart Chain

Thus far, DYP stands as a user-friendly protocol with a simplified UI to assist new LPs on the platform. This factor differs from many DeFi protocols in the crypto market today, which favor pro DeFi users only.

Having added $510,000 in liquidity on PancakeSwap, users can now utilize the DYP/ETH, DYP/BUSD, and DYP/BNB pools on the protocol. LPs can further choose between the three rewards: BNB, ETH, or DYP. 

The primary purpose of the DYP on BSC is for the protocol’s staking program and its governance dApp. The DYP smart contract on BSC is 0x961c8c0b1aad0c0b10a51fef6a867e3091bcef17.

The contract will help swap DYP for BNB to mitigate risks for all LPs receiving rewards from BSC. Furthermore, DeFi Yield Protocol will transform all DYP rewards from liquidity pools into BNB every 24 hours to reduce price volatility.

It is worth noting that if the DYP prices are affected by more than -2.5%, then the protocol will convert the maximum tokens that do not affect the price into BNB. The protocol will distribute the remaining rewards on the following day under those circumstances.

Depending on whether all the rewards will be distributed in 7 days or not, the governance will vote to either issue the remaining rewards to token holders or burn them.

Start Providing Liquidity as an LP on BSC

To begin liquidity provision and earn rewards, you have to purchase and deposit PancakeSwap liquidity tokens into their respective pools. 

You can then choose from the four staking options ranging from 30,000 DYP to 100,000 DYP. The staking periods on the pools vary from 3 days to 90 days for any liquidity provider to earn. You need to wait for the staking period to end before withdrawing your funds to get your rewards.

Users can rest easy with DYP’s provision of a well-detailed guide on how to leverage the bridge between its protocol and BSC. For more details, click here.

Taking Advantage of What DYP Has to Offer

Besides having a chance to stake and earn on the protocol, DYP continues to favor its community’s contribution to its progress. In that case, it holds governance rights on high standards, with DYP token holders getting a chance to vote on significant decisions on the platform.

Now, DeFi users can acquire their DYP on the platform or swap ETH for the tokens to earn an exciting position on the governance team. All you need to do is take the next step and get on the platform to learn more about what it has to offer and start earning today!

Media Contacts

Contact name: Teki Kolaneci – Digital Strategy Manager
Company name: DYP FInance
Address: Malta, Valletta
Email: [email protected]
Phone number: 07355050442
Website URL: Click Here

The post DYP Introduces Its Services on Binance Smart Chain for Staking Diversity appeared first on Zex PR Wire.

Founder-CEO Maveshan Chetty Says, this is the future of Playlyst Studios

Joburg, South Africa, 8th April 2021, ZEXPRWIRE – In 2020, the world faced an unprecedented trauma in the form of COVID-19 pandemic. This led to businesses, especially start-ups adapting to the online medium in order to carry on their operations. One such industry that took to online medium like fish to water has been the podcasting business. The unexpected success of podcasting start-ups even led big businesses like Amazon and Spotify to buy them and ride the success wave together. The South Africa-based Playlyst Studios, which was launched in 2019 by Founder Maveshan Chetty, to “change the podcasting game for the future,” is now all set to add another feather to its cap, in the form of an app, that is unique and easy to get a hang of. In a chat, Mr. Chetty talks about the Playlyst Studio App and other things planned for 2021. 

Q – What inspired the new Playlyst Studio app? 

Maveshan Chetty – We all are aware that in 2020, the world faced one of its toughest challenges – isolation and grief. The reality was harsher for the start-up owners like myself because we were new to business and were being forced to adapt a new normal that we weren’t aware existed. As a business owner, I’ve spent countless nights worrying about the future of Playlyst Studios. One such Friday night, I couldn’t get any sleep so I began mapping out a vision on paper. The inspiration was an idea that kept nagging me at the back of my head. I thought what if I was able to build an app to feature all our original content and at the same time allowed podcasters, guests and the rest of the world to connect with each other. 

Q – What is the new Playlyst Studio app about? 

Maveshan – The app is basically a connecting medium, which allows users two main functionalities – streaming & swiping. That is why, we’ve named it “The Playlyst App: Stream & Swipe.” The main idea behind this  app was to build a home for Playlyst Originals content where the audience can enjoy a completely ad-free experience without having to spend a single dollar. This app is going to better than having to spend money on subscriptions or podcasts. The Swipe feature helps the app connect each other instead of alienating. The main reason to install this feature inside the app was that podcasters find it hard to get guests as well as candidates for their shows. One needs to carry out extensive research and then follow up through emails. That is a long process, which takes up a lot of time. Although there are services out there, which might make it easier to find guests but so much red tape and ‘subscriptions’ work as killjoy for podcasters. Therefore, we decided to create a feature within our app that would connect podcasters with guests and also detail all the information required, instead of spending time on emails. The users can simply swipe on a profile that they find interesting and chat instantly. If I may say so, the app would be like a perfect ‘dating’ experience for podcasters & podcast guests.

Q – What is the value-addition that the app brings with it? When will it be launched?

Maveshan – The app brings together podcasters and guests to connect. However, we realize that not everyone wants the same thing. Therefore, in order to make it a customized experience for the users, when you download the Playlyst app, you will be prompted with 3 options – 

1. I am a podcaster.
2. I want to be a guest.
3. I am a listener. 

The first two options are self-explanatory while the third option is for those who want to just listen to the podcasts that we make. 

Last, but not the least, we wanted to make a difference to the podcast realm and add value; therefore, all the features on this app are completely FREE. Also, there is no limit to the number of matches you swipe. Everything on the app is completely free right from the moment you download the app. As a CEO and Founder of Playlyst Studios, I promise the users that no one will ever have to pay for this app. 

Though we haven’t decided upon a specific launch date yet, I assure that it will be in 2021.

Q – Why did you feel the need to create this app? 

Maveshan – When we began with the idea of this app, we wanted a new home for all our original content to go live. However, as we continued building upon that idea, it grew beyond what we had initially imagined. We still want to make exclusive podcasts live on our app, but, at the same time, we also want to start adding value by helping podcasters and guests who want to feature on shows to connect with each other. When I was first struck with this idea, and I realized that I could build something concrete out of it, we started the hiring process and in the blink of an eye, we got ourselves a Playlyst development team of 3. It is the team’s hard work that has brought us to this stage. At the same time, I realize that this app is going to be focused on a niche audience but I am ready to go ahead with that because I couldn’t sleep till I had this app in development. If I hadn’t gone ahead with this idea, I wouldn’t have been able to rest & I would’ve regretted it for the rest of my life. If we can make a real difference to the podcasters’ lives, we would consider the app a success.

Q – How is this app different from other similar apps? What is its USP?

Maveshan – To begin with, no other app out there allows you to stream content as well as connect with fellow podcasters at the same time. The USP of this app would be the fact that you are allowed to access all its features without paying any subscription or going through any red tape. Also the fact that the podcasters can connect with future guests and have all the relevant information on their finger tips before launching a conversation, is what matters the most to us.

Q – What do you think is the future of podcast apps? Will they make a difference to the art of podcasting? If yes, how?

Maveshan – The future is bright as I am sure we will see a lot more apps and services in the coming years, that would add to the gamut of podcasting & will make a difference to the lives of podcasters. And if as a podcast studio, we are able to contribute, in any way, to this growth, we would consider ourselves fortunate.

Q – What changes do you see in this field since you began your journey?

Maveshan – One of the biggest changes that I’ve seen is people creating podcasts from the comfort of their homes. While many creators are still wrapped up in the idea of studios, lights, large computers, etc, but that is not the case anymore. You can create quality podcasts from your mobile devices too nowadays. What matters is the person behind the microphone – what is being said and who is being interviewed – that is what eventually matters. However, at the same time, quality of podcasts matters too. Releasing podcasts with background noises or inaudible content is trouble. So, whether you are working out of a fancy studio full of equipment’s or a room inside your home – what makes YOU different is your VOICE and your PERSONALITY.

Media Contacts

Name – Michaela Gonçalves
E-mail – [email protected]
Phone no – +272 615 1890
Company – Playlyst Studio
Country – South Africa
Address – Joburg

The post Playlyst Studios’ To Launch ‘Stream & Swipe’ App In 2021 appeared first on Zex PR Wire.

The People’s Bank of China (PBOC) asked the largest banks in the country to restrain lending growth until the end of the year due to fears of a “bubble”, writes Bloomberg, citing knowledgeable sources.

According to the agency, this issue was discussed at a meeting on March 22.

The regulator called for limiting the issuance of new loans and foreign banks.

The NBK wants lending institutions to focus on lending in industries such as technology innovation and manufacturing.

In 2020, Chinese banks issued loans in the amount of 19.6 trillion yuan ($ 3 trillion), with about 20% accounted for by inclusive financing, including small business lending.

If banks issue the same amount of loans this year, the balance of debt will grow by about 11% – up to 192 trillion yuan.

This is the lowest growth rate in more than 15 years.

“On the one hand, credit growth will slow down, but on the other, this slowdown will be quite moderate,” said chief economist for China at Nomura Holdings Inc. Lu Ding.

In January-February of this year, the volume of new loans amounted to 4.9 trillion yuan, which is 16% more compared to the same period in 2020.

Aussie exporters have been forced to diversify from #China. That’s good! We’ve been too dependent on a market with too much sovereign risk. Time also to reconsider China’s free trade access to some of our markets. CHAFTA can’t be a one way street. #auspol https://t.co/QmS0yGiDwL

— Rex Patrick (@Senator_Patrick) April 7, 2021

In February, the Chinese Central Bank instructed banks to maintain lending in the first quarter at the level of January-March last year, the Financial Times reported.

Against the backdrop of taking the coronavirus under control and recovering the economy, the PRC authorities are again trying to reduce risks, especially in the financial sector and the real estate market.

Earlier, the head of the China Banking and Insurance Committee (CBIRC) Guo Shuqing warned of the risks of bubbles in these sectors, which raised concerns about the prospects for tightening monetary policy.

The Chinese government wants to take advantage of the economic recovery to ease its debt burden. Last year, amid the pandemic, China’s debt-to-GDP ratio reached nearly 280%.

Much of the debt has accumulated since the 2008-2009 global financial crisis, when China relied on lending growth to curb a downturn.

Efforts to reduce debt growth in 2017 led to higher money market rates.

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