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SquadX

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News

Payward to Acquire Saldo Bank for European Banking Expansion

Payward, the parent company of Kraken, plans to acquire Lithuania-based Saldo Bank to enhance its banking capabilities and integrate banking products with crypto services.
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Maria Fernandez

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.
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Gustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.
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Rajesh Kumar

What is SquadX?

SquadX — a new generation social platform on the blockchain. Inspired by Clubhouse and Twitter, SquadX users can meet new friends, listen and share their thoughts through audio-based social and dating groups. SquadX seamlessly combines elements of a multiplayer game and the Socialise-to-Earn model. This not only improves social interaction, but also allows users to earn money while using the app.

Contents:

SquadX - a blockchain social platform for you

About the SquadX project

SquadX supports full Turing smart contracts. This allows you to create a wide range of interesting Web3 applications in the SquadX ecosystem. Examples include Non-Fungible Tokens (NFTs) and Decentralized Autonomous Organizations (DAOs), which could be the indispensable building blocks of future social and entertainment platforms.

The platform is deployed on Binance Smart Chain and is fully compatible with MetaMask and other established Web3 wallets. All SquadX assets are player-owned NFTs, minted in accordance with the BEP-721 standard. They can be sold on the market and sold to other members. To ensure freedom of expression and collaboration, the ecosystem is decentralized. This allows users to own their groups as NFTs so they have full control over their content and how they work.

Other features:

1. SquadX is based on story-driven space storytelling and provides a platform for the intergalactic community to connect and make friends with real people thousands of miles away.
2. Unique architecture of SocialFI rewards collaboration and interaction, providing SquadX users with a steady stream of income.

In order to cross space, you will need to purchase a vessel, i.e. a space station. For new users, the first step - to obtain space stations through station crates or purchase them directly from the open market. Once you collect at least 3 space stations, you will have enough power to conquer the planet and become a fearless space explorer.

Each successful exploration has a chance to return with a treasure chest in addition to your existing exploration rewards. Treasure chests contain rare items such as crystal keys and are ranked, based on your planet's strength.

Marketplace on the site

The NFT marketplace makes it easy to buy and sell SquadX assets, allowing users to improve their collections and earning potential. The value of NFT SquadX can be directly increased by its owner, who, in turn, can trade their assets for profit. When making transactions on the trading floor, a commission for the sale of 5% is charged. The marketplace will use $BNB as its default token and users will price their NFT however they see fit.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.