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CryptoLocally to incubate Gemslab as focus shifts towards cryptocurrency utilization

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The last couple of weeks have been stellar for the cryptocurrency market with prices shooting through green pastures constantly. Some organizations like CryptoLocally have tapped this opportunity to grow their repository while benefiting their customers at the same time.

Popular peer-to-peer cryptocurrency exchange CryptoLocally recently announced that it will be incubating African game studio GemsLabs as part of its vision for the cryptocurrency industry’s future. A specialist in building blockchain games, GemsLab is out to prove that the world of gaming was the best way to attract people towards crypto.Peer

CryptoLocally opined that the cryptocurrency landscape was changing rapidly with the user deciding what features finally make the cut. Gemslab added that to initiate an overhaul change, companies need to do something drastic and never seen before. For their latest collaboration, CryptoLocally will support Gemslab with the developments and marketing of its games.

Sources close to CryptoLocally told TWJ that both the aforementioned companies were already working on Gemslab’s next game. The unnamed 3D defense strategy game will be built on the WAX chain with the option to even purchase in-games heroes as NFT. A press release from CryptoLocally stated:

“Both CryptoLocally and GemsLab are looking forward to a long, lasting, and mutually beneficial partnership. It is not hard to imagine GEM being listed into the CryptoLocally P2P platform and become the first P2P exchange to support the game token. On the other hand, we could see GIV tokens being integrated into one of the games of GemsLab further increasing the use cases of GIV tokens.”

GemsLab have confirmed that they will be using the TELOS blockchain to help in mass adoption over the coming months. TELOS is an EOS-based blockchain and focuses on handling transactions for a very low transaction charge. This is what allows fast in-game transactions that enrich the user’s experience in the ecosystem. Furthermore, members can also earn GEM tokens by slashing enemies and collecting the GEM tokens they release during gameplay. The vast array of options presented should be enough to make users, old and new alike, that cryptocurrencies and blockchain technology are here to stay.

With Mutual Listing, CryptoLocally and Serum Enter the Next Phase of Their Partnership.

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The cryptocurrency market has taken a turn for the better with prices climbing up and multiple parties entering the industry. The area has also been helped along by joint partnerships by companies whose collaborations have elevated the cryptoverse’s reputation in the mainstream realm.

Just last year, Cryptolocally announced that they had partnered with popular P2P decentralized exchange Serum to conduct a mutual listing program/ According to the reports, Cryptolocally will list Serum Token as the first Solana based SPL digital asset while Serum DEX will support GIV on their decentralized exchange. 

The partnership will seek to bring in more investments from new users while creating a concrete infrastructure alongside it. The partnership, which was announced in September, mainly cited the main objectives as jointly integrating features of both the parent exchanges. Sources close to the partnership informed TWJ that the SRM listing is also a way to popularize the blockchain’s functionality. 

A press release from Cryptolocally said:

“The CryptoLocally development team is currently working on integrating more Solana features. These include supporting SPL token conversion, integrating Serum into CryptoLocally’s Defi Finance wallet, and running its own Serum node. The integration of SRM token into its Finance wallet is CryptoLocally’s bid to bolster its position as the only truly decentralized P2P trading venue with Defi integration.”

Listing the SRM token on CryptoLocally’s platform is expected to allow SRM to access the latter’s fiat gateway network. CryptoLocally has built the reputation of having a broad range of fiat payment methods in many jurisdictions. It will also benefit from the simple, fast, and user-friendly UI of CryptoLocally allowing new users without trading experience to buy and sell SRM tokens without having to learn the often convoluted process of using a decentralized exchange. 

CryptoLocally made a name for itself by launching its GIVernance token and the subsequent ecosystem. Adding Serum DEX to CryptoLocally will allow GIV to tap into Serum’s DeFi programs. DeFi has been on the up and up since last year as crypto institutions bet big on a decentralized economy. The GIV token is issued on both Ethereum as an ERC20 token and on Binance Chain as a BEP2 token. Next in line for the token will be issuing it on the Solana blockchain as an SPL token. 

Serum has repeatedly stated that users are the most important aspect of the trading floor with features being added routinely. Being part of the native DEX, SRM has a total supply of 10 billion units and is primarily used to reduce trading fees on the platform.

CryptoLocally Community Votes To Add Dogecoin

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As the cryptocurrency market is on a green tear, several organizations are out to make sure users have the best experience online. Popular cryptocurrency exchange, CryptoLocally has listened to the beat and has listed Dogecoin on the platform for users to trade.

The popular peer-to-peer exchange stated that it’s focus on simplicity and security would drive the market forward. According to the company, Dogecoin’s recent market performance was an eye opener for everyone and ignited massive interest across the spectrum. With analysts predicting a meme coin rise, it makes sense to keep an eye on cryptocurrencies like DOGE.

Dogecoin will join a roster of multiple cryptocurrencies on CryptoLocally’s GIVernance ecosystem. This would allow faster integration and seamless use of the cryptolocurrency with its compatriots. Being the first and “truly decentralised P2P exchange”, CryptoLocally also allows it’s GIV token holders to vote on proposed value adding changes on the platform.

An official CryptoLocally release said:

“Token holders can submit projects for listing. The community then votes to approve or reject the proposal. DOGE traders will now be able to take advantage of CryptoLocally’s extensive payment options, allowing them to purchase DOGE using their local currency. On the other hand, current CryptoLocally customers will be able to partake in the current DOGE bull market and join the DOGE community.”

One of Dogecoin’s main attractions is it’s fast blockchain network and negligible transaction fees. This has made it something near and dear to a very niche cryptocurrency community. Some members of the cryptocurrency community have even compared it to Litecoin in terms of trading parameters.
Dogecoin (DOGE)

Celebrities and industry leaders took the liking of DOGE, often sharing memes of the beloved Shiba Inu dog mascot and sending its price to the moon. Among these influencers is no other than the richest man in the world, Elon Musk, whose endearing tweets send crypto bulls into a Dogecoin buying frenzy.

Dogecoin uses Scrypt protocol like Litecoin but has a one-minute block time compared to Litecoin’s two and a half. In other words, Dogecoin offers faster transactions and confirmations. Dogecoin never positioned itself as a payment network like Litecoin, but it seems more than able to compete with Litecoin or any other altcoin for that matter.

Cryptolocally adds Solana [SOL] as Exchange Looks out for Surge in New Customers

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The cryptocurrency market attained massive coverage over the past couple of weeks due to the significant rise in prices and acceptance across the globe. As bigwigs like Tesla revealed their involvement with Bitcoin, the talk surrounding the world’s largest cryptocurrency took a turn for the better.

As more people have their interest piqued by digital assets and what they do, it becomes imperative that companies in a position of power use their resources to help customers. That is exactly what CryptoLocally has done by listing Solana [SOL] on its peer-to-peer marketplace. This move was seen as one of several steps intended to bring further decentralization to the Solana trading ecosystem.

Sources close to CryptoLocally stated that Solana’s addition to the platform will only elevate the exchange’s status in terms of customer experience. Solana, commonly referred to as SOL is an open-source, highly functional crypto project. It leverages the blockchain’s permission-less nature to seamlessly provide high utility decentralized finance or DeFi solutions.

Solana’s rising popularity in the cryptoverse has only enabled it to become more open in terms of region wise trading. Both Solana and CryptoLocallay are working towards providing a decentralized platform for users that is safe and simple to use. With the listing, Solana aims to become more actively traded which will in turn benefit CryptoLocally users.

The team at Solana have added that the token is head and shoulders above its counterparts in terms off usability and functionality. In their latest press release they said:

“ Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized applications (DApps). While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.”

CryptoLocally believes in functionality and that aligns with the latest Solana listing. The integrated functions within SOL brings down the overall validation time and speeds up contract execution. Users will be able to tap into the power offered by SOL by navigating CryptoLocally’s waters.

CryptoLocally’s native community can also be excited for the future as GIV holders have voted to list DOGE soon. The latest rise in the ‘memecoin’ value has created a new market for new entrants. The exchange has assured its users that it will stick to the same basic trading principles that has allowed it to become an industry favourite.

Cryptolocally launches Native Bitcoin Trading as Cryptocurrency Hype Reaches All-Time High

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The spread of Bitcoin trade has always been considered a pivotal factor in increasing the adoption rate among cryptocurrencies. With bull runs elevating the cryptocurrency’s status again, companies like Cryptolocally made sure that users could also partake in the hype.

According to an official release, Cryptolocally has now decided to add support for all Bitcoin native trades. These trades will be conducted in a safe and conducive environment where users get the power to forge their own cryptocurrency destiny.

Cryptolocally stated that the main USP of its native BTC platform was the support from several high-performance blockchains such as EOS, Ethereum, Tron and Binance. The excitement generated from the bull runs jolted the entire financial world with several major institutions now considering adoption. The addition of the Bitcoin native trading comes on the back of a previous update: integration of Binance chain-based Bitcoins BTC [BEP2]. BEP2 tokens are directly pegged to the price of Bitcoin with an option to withdraw from Binance.

Sources within Cryptolocally told TWJ that adding BTC on CryptoLocally is a feature that the community has been asking for since our platform launched. Recently, they expressed it publicly by posting and voting for the “listing BTC” proposal on our new governance portal: GIVernance. Now with BTC available for trading on CryptoLocally, users will be able to buy/sell BTC easily and safely with their local currency. Unlike other platforms, users don’t need to deposit BTC on CryptoLocally to complete a trade, they will receive/send the BTC directly to/from their personal wallet! An official Cryptolocally release stated:

“This [BTC native trade] will unlock the massive peer-to-peer market of Bitcoin translating to more users, more trades, and more volume. It will help accelerate word-of-mouth marketing, enhance the trading experience by its users with more available trade options, and increase the overall value of CryptoLocally.”

What makes the latest update even more special was the fact that the proposal was the first to pass the CryptoLocally GIVerenance governance model. Native Bitcoin trading was the first to be chosen because of its widespread popularity and acceptance rate compared to other cryptocurrencies. The GIV token was created so that users would be more involved in the day to day workings of the trading floor. Apart from creating a tightly knit community, using a native token also ensures privacy is maintained.

Users interested in trading Bitcoin will use Cryptolocally’s P2P escrows that help each and every trade. The steps involved in buying BTC follow the same path as other assets so that customers can conduct their business quickly. Being the first fully decentralized P2P exchange has its own advantages for Cryptolocally and it is a pattern that the company plans to emulate in the future as well. Bitcoin’s unprecedented rise to the top has inspired many to get into the field and features offered by Cryptolocally are sure to be a key highlight. If this bullish pattern keeps up, fans may be in for a treat over the next couple of months.

CryptoLocally Sets Up GIVernance Model to Utilize Full Power of GIV Token, Becomes Fully Decentralized P2P Exchange

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The cryptocurrency market has shown that innovation and catering to the needs of users are key factors to stay afloat in the industry. Keeping up with this sentiment, organizations like Cryptolocally have taken it upon themselves to raise the bar in terms of developments.

Just recently, the cryptocurrency exchange announced the launch of GIVernance – an ecosystem model wherein participants will be involved in creating and voting for proposals related to CryptoLocally. With the latest update, Cryptolocally will become the world’s first fully decentralized P2P exchange.

The latest crypto bull run has forced a majority of the world to sit up and take notice of the cryptocurrency sphere. With prices shooting up, it became important to provide services that would resonate with the quality and accessibility of the industry. CryptoLocally chose this opportune moment to kick start the next evolution of its GIV tokens with GIVernance.

According to the organization:

“It [GIVernance] gives GIV holders the power to participate in creating and voting proposals that determine the direction of the development of CryptoLocally’s ecosystem. Those who choose to participate are only required to stake their GIV tokens. In fairness, greater weight is given to voters with higher voting rights. Initially, token holders will have the right to approve token listings, modify the utility of the token, and suggest governance model improvements.”

Hugo Campanella, co-founder of CryptoLocally, claimed that the launch was a major milestone for the company as well as for the entire virtual asset world. Cryptolocally aims to provide users with a unique, decentralized solution. All voting rights will be able to offer GIV holders the ability to choose which particular token needs to be added to the platform. Some of the other expected features include users having the ability to choose the level of inflation and to vote for proposals submitted by other community members.

The vast repertoire of features provided by CryptoLocally has stirred the conversation pot among users. Many opined that the development is a massive step in the right direction for the cryptoverse as a feature-laden trading area was just what users were promised. The adoption movement was kickstarted when CryptoLocally added a DeFi feature with its Finance Wallet. This was intended to build upon the native token [GIV token] utility features integrated within the platform.

 

CryptoLocally’s Finance Wallet V2 Way to Earn Staking Rewards

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The leading P2P cryptocurrency trading platform, CryptoLocally, announced the launch of version 2 (V2) of its Finance Wallet. The latest upgraded version of their wallet came in addition to the strategic partnership with Idle.

Both platforms have reportedly joined forces with the common vision of a product aimed at paving the way for financial inclusion, by enabling its users to earn more passive income on their crypto holdings than ever before. This major development came after the release of their first decentralized finance [DeFi] feature and Finance wallet V1 back in September of this year.

Finance Wallet V2 Brings Higher Rewards

Taking the first leap to the world of DeFi, CryptoLocally initially released its Finance Wallet in the month of September. Finance Wallet’s first version, powered by Compound, was essentially designed to enable the users on the platform to earn stake rewards on digital assets such as ETH, DAI, USDT, USDC, and its native utility token GIV.

Shortly after which, CryptoLocally added Uniswap’s native UNI token to the Finance Wallet.

The second version of the Finance Wallet was not only powered by Compound but also included names of well-known DeFi protocols such as Aave, Maker, and dY/dX through Idle. With the integration of these DeFi platforms, Finance Wallet V2 makes the popular yield farming easier than ever. Its pros further include not only simplicity but also a higher yield than the first version. The current APY rates can be seen in the pictures attached below:

Finance Wallet Version 1 APY
Finance Wallet V1 interest rates (only powered by Compound )

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Finance Wallet V2 interest rates (powered by Compound, Aave, Maker, and dY/dX)

CryptoLocally being a non-custodial and uses a smart contract escrow aims to offer additional security for its users. With regards to security and transparency on V2, no specific changes have been executed and the users will be able to maintain full control of their crypto assets just like in the previous version.

So what opportunity does the V2 wallet brings to the users?

Finance Wallet V2 is heralded as the best way to earn staking rewards. This is primarily due to the fact that it automatically switches to the best APY of the selected cryptocurrency without any cost. The users just need to register which takes less than two minutes.

While Version 1 of the Finance Wallet gave the users the opportunity to earn staking rewards on those tokens at respectable rates, it was Version 2 that aims to provide better rates than its contemporaries along with additional capabilities.

Another new feature to the Finance Wallet V2 is that users will now be able to see the total value [TVL], in USD, of all assets that are staked on the wallet. It is important to note that if an individual is an existing user of V1 and has staked their crypto on this version, the user will need to unstake on V1 and then retake on V2 in order to use the newer version.

CryptoLocally in Brief:

The main focus of CryptoLocally is to create the easiest and most accessible fiat gateway to DeFi and its tools for the community members. The primary goal is to “empower all people” in a bid to aid them to take control of their financial future.

CryptoLocally also renders the need for a third party useless thus helping the market participants circumvent restriction posed by traditional financial institutions with respect to fees, interest rates among other things.

CryptoLocally Delivers to its Customer Base by Adding Credit Payments for Cryptocurrency Transactions

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Cryptocurrency organizations now have a new goal of rope more customers: to make the entire transaction process more seamless and attractive. This mantra has led to a number of innovations and developments that would otherwise have been unseen to the industry. Keeping this shift in sentiment in mind, popular cryptocurrency exchange platform CryptoLocally has introduced credit card payments for ease of cryptocurrency transactions. Using the latest feature, customers will be able to make the transition from Fiat to crypto in a matter of minutes.

The cryptocurrency exchange platform CryptoLocally announced that customers will be able to buy Bitcoin, Binance Coin, Tron, EOS and ETH instantly using a credit card. Safety and security are also a high priority for the organization with the automatic implementation of KYC for credit card users. The credit card launch comes on the back of several partnerships conducted by CryptoLocally, mainly with organizations like Skrill, Western Union, Paytm and Google Pay.

Over the past couple of weeks, The cryptocurrency exchange platform CryptoLocally has been busy with adding additional players to its roster. Towards the end of July, CryptoLocally listed its first Ethereum based digital assets on the platform. These included Ethereum [ETH], Tether [USDT] and DAI. The additions were part of the organization’s efforts to give customers the best trading experience while balancing the cost of functioning.

With the new Instant Buy feature,  The cryptocurrency exchange platform CryptoLocally aims to traverse the rapidly growing industry of quick crypto payments. Instant Buy is also set to enable users to conduct more transactions on the platform and take the cryptoverse into the mainstream realm. CryptoLocally also released a blog post to make it easier for users to understand the workings of the credit card linkup. According to the company’s release, the first step includes:

” …click “Buy” on the navigation bar at the top left. Then, click the “Instant Buy” button to purchase crypto with your Credit card. If you want to see offers only for credit card transactions, the Select Payment Methodfilter can help.”

Customers will be presented with the multiple cryptocurrency option on the next page with the drop-down menu displaying BTC, ETH, TRX, BNB and EOS. The company has set the minimum amount for the transaction at $60. Once a customer decides the required amount of purchase, all they need to do is type in their credit card details.

After processing, the customer will be asked to provide his/her wallet address to which they ant the funds to be transferred to. The KYC process becomes imperative here with CryptoLocally conducting the process by taking a photo of the customer’s face and an official document confirming the same. , The cryptocurrency exchange platform CryptoLocally has assured users that they will do everything in their power to maintain a high standard while allowing them to carry out safe and quick transactions.

CryptoLocally Adds Ethereum Tokens-ETH, DAI, USDT in a Bid to Establish Mainstream Trading

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Developments in the cryptocurrency industry have always managed to catch the eyes of users and investors alike with many going further on the promise. Cryptocurrency organizations have made it a point to listen to the community and implement what they require to gain a large user base.

Just recently, CryptoLocally, the popular peer to peer trading platform announced that it will be listing Ethereum based virtual assets to its platform. The new assets will include tokens such as Ether [ETH], Tether [USDT] and DAI.

According to CryptoLocally, the company wants to provide customers with the best experience so that they are able to trade any of the cryptocurrencies they hold seamlessly. The addition of Ethereum based tokens becomes relevant because of the blockchain’s impact on various dapps and DeFi applications. CryptoLocally further aims to establish itself in the Ethereum space before the launch of Ethereum’s next iteration, Ethereum 2.0.

CryptoLocally users have stated time and again that the learning curve to use the platform is gradual with a touch of inclusivity. Market research has shown that CryptoLocally offers one of the fastest and easiest onboarding processes in the industry. The first step that users need to take is to hold a valid email address after which they have to complete a Know Your Customer [KYC] process. An exclusive release by the company added:

“Trading Ethereum-based digital assets will follow the same simple and easy trading process that the CryptoLocally is known for. Existing users will just have to select the desired ERC-20 cryptocurrency they wanted to trade. Like all the digital assets traded in the platform, ETH, USDT, and DAI are all protected by a blockchain-based escrow service that protects transactions all throughout the entire trading process.”

With the new additions, users will be able to meet in person, send a bank transfer, or use a myriad of payment processors to complete the payment process. The underlying CryptoLocally revolutionary smart contract escrow system is one of the main reasons for this to be possible. The USDT, Ethereum, and DAI will be protected by the escrow system, enabling users to conduct multiple transactions on the fly.

Developments such as the one made by CryptoLocally pave the way for altcoins to make a bigger mark in the cryptocurrency industry. At the time of the press, Ethereum was trading for $264.09 with a total market cap of $219.54 billion. A daily rise of 8.65 percent in value also raised the 24-hour trading volume to $8.49 billion.

P2P Trading Platform CryptoLocally Adds Its Own Native Token: GIV

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With COVID-19 and people looking for economic opportunities from home, cryptocurrency exchange platforms have been looking for ways to expand. Over the past few weeks, the P2P trading platform CryptoLocally has added numerous tokens, such as USDJ, JUST, USDT-TRC20, and now CryptoLocally’s most recent addition is GIV, a token native to CryptoLocally. This new coin will allow users to take advantage of a number of special features that makes GIV stand out from the native coins of other platforms.

What is CryptoLocally?

CryptoLocally is a Peer-to-Peer (P2P) crypto trading platform that supports many next-generation blockchains. Its team is committed to creating the easiest, fastest, and most convenient way of trading cryptocurrencies. They have achieved this by providing a service that allows users to directly interact with one another without third-party interventions and user funds are protected by an escrow until transactions are complete. 

What is GIV?

GIV is the token native to CryptoLocally’s platform and it can be used to purchase or access a number of special features.  There are various means of obtaining GIV, which range from just signing up to be an active trader on our platform. The more GIV users obtain, the more they will be able to take advantage of the special features that come with owning GIV. 

How can users gain GIV?

Immediately after signing up on CryptoLocally, all users will receive 10 GIV. Additionally, new users to the platform will receive a one-time “Spin-the-wheel” gift where they can spin a wheel containing various GIV prizes right after signing up. Users can also earn GIV through CryptoLocally’s referral program which allows both parties to immediately earn free GIV and on top of that, earns 0.1 GIV for every 10 USD of a completed trade made by the referrals forever.

While these methods allow users to easily gain their first tokens, the best way to earn GIV is by being an active trader. Being active on the platform allows users to comfortably earn GIV based on the trade amount, with a ratio of up to 1 GIV per 10 USD traded! Since GIV is stored directly on CryptoLocally’s platform, there is no need to worry about getting an additional wallet. While being an active trader on CryptoLocally is the fastest way to gain GIV, traders can also buy GIV from Binance DEX.

  • Why use GIV?

GIV has several benefits that are unique compared to other native tokens. Here are some of the benefits and why you should consider using GIV:

  • Get paid to trade

By trading on CryptoLocally, users will earn GIV based on the trade amount, with a ratio of up to 1 GIV per 10 USD traded. Thus, the more users trade the more GIV they will earn.,

  • Refer friends, earn GIV

Earn 10 GIV per referred user that completes a trade and then earn additional GIV based on the trade amount your referrals make!

  • Coupons that facilitate trading

50% off Coupons: For 800 GIV, users can purchase this coupon which will reduce trading fees by 50% for 1 trade.

Boosts: For 600 GIV, users can purchase a “boost” which, when applied to an offer, will place it at the top of the list. 

  • Access to the Tier system

Bronze: Just by signing up all users are placed into the Bronze Tier. Being in this tier allows them to earn GIV from signing up, referring friends, and actively trading on the platform. In addition, you can spin a GIV wheel and receive a GIV gift. Additionally, after each completed trade, users will be awarded GIV based on the trade amount, with a ratio of 0.8 GIV per 10 USD traded.

Silver: In order to gain access to the benefits of the Silver Tier, users must maintain a GIV balance of at least 250 thousand GIV. At this level, they will get 25% off on all their trade fees + all of the perks from the Bronze tier. Similarly to the bronze tier, you will be awarded GIV based on the trade amount, with a ratio of 0.88 GIV per 10 USD traded.

Gold: This is the highest tier and is attainable by maintaining a GIV balance of at least 1 million.  While this may seem difficult to reach, users in the Gold Tier will get 50% off on all of their trade fees. At the highest tier, you will experience the highest level of GIV rewards, allowing you to earn GIV based on the trade amount, with a ratio of 1 GIV per 10 USD traded.