Launchpool | Pop Up Press | May 20th

A fast-paced news update from the Launchpool team.

May 22

xG Studios Closes Seed Round At Launchpool Labs

Rewarding Real-Life Sporting Activity With NFTs & Tokens

Launchpool congratulates the xG Studios Team on their successfully concluded $600k Seed Round raise via our Launchpool Labs Incubator Program.

xG Studios is a web3 platform built on the FLOW blockchain that incentivizes sporting activity by rewarding in-real-life participation and performance with personalized NFTs and tokens in a gamified collecting experience — built for the next generation of athletes who value digital assets and express their identities online.

The Launchpool Labs Incubator is part of the broader Launchpool Ecosystem and this Seed Round raise was led by Launchpool Labs, Alphabit Fund and the wider Launchpool Community. xG Studios joined the Launchpool Labs Incubator Program back in January of this year and has received strategic guidance, community development and technical support over an intensive development program geared towards startups in the blockchain sector.

This funding achievement signifies the Community's trust in the xG Studio Team and its steadfast commitment, in developing xG as a Web3 platform that incentivizes sporting activities; by rewarding in-real-life (IRL) participation and performance. xG is now accelerating its development of the MVP of the xG platform.

We take this time to thank everyone that participated in the Seed Round as well as the wider Launchpool Community for their unflinching support.

Launchpool Labs Team

Circularr Strategic Partnership With Vending Machine International (VMI)

Launching The World’s First Sustainable Crypto Asset Backed By Transparent Recycling & Manufacturing.

It was recently announced on May 18th that Circularr and Vending Machine International (VMI) formed a strategic partnership to integrate the blockchain technology rewards & advertising into their network of machines and applications.

Vending Machines International (VMI) is a Singapore-registered entity providing unique solutions in water distribution with zero plastic waste. Established in 2015, VMI has successfully developed its own water dispensing kiosk network in Australia designed to fully understand how to interact with their customers and to test the VMI technology. In the next stage of its development, VMI is pivoting to a highly scalable white-label and licensing strategy which is underpinned by strong interest from international FMCG brand owners.

Circularr and VMI are united by common goals, to save the planet one plastic bottle at a time and to increase access to fresh clean drinking water for millions of people across the globe. This strategic partnership brings both projects closer towards achieving their goals.

Hints, Tips, Tools And FYIs: Cowswap – Beating The Bots

Beware And Take Maximum Advantage!

LPOOLers, did you know that front-running bots on AMMs, like PancakeSwap can take a bite out of your wallet. The bot sees the transaction waiting in the mempool, making a quick transaction before yours, and pocketing a small difference.

You can see this happening on every coin. You can avoid this by using CowSwap, it hides your trades from the mempool, so the bots can't see them. We aren’t affiliated with CowSwap, but members of the team use it. You can check it out yourself if you’d like.

🗞️ In other Crypto news….. 📰

Pizza Anyone?, Luna Followup, and Bitmex Founder In Court.

🍕 Pizza Anyone? 🍕

Pizza Day is among us and to celebrate, a DAO has been formed to host 100 pizza parties around the world! Twelve years ago the worlds first official Bitcoin purchase was made for a pizza with 10,000 bitcoins by Laszlo Hanyecz according to his Bitcoin Talk forum post.

Like ConstitutionDAO or similar non-crypto DAOs, PizzaDAO seems to be a fun proof-of-concept for the crypto world to organize into the real one.

🧐 Luna Followup 🧐

As a follow up to our Luna article, there currently is a fine out for Terraform Labs, a bunch of new clips of Do Kwon exposing his own project, and multiple disputes over the future of the project.

However the price of both Luna and UST are a fraction of what they were just a month ago and investors have written this up as a loss. The upside, however, is that efforts to create a redemption plan for the UST holders are being discussed by DAOs devoted to the situation.

🏛️ Bitmex Founder In Court 🏛️

The founder of the margin trading platform Bitmex, Arthur Hayes, faces up to five years in prison for pleading guilty to Bank Secrecy Act violations while at the company. While it’s possible he might get the maximum of 5 years, usually BSA violations don't result in jail time and tend to be restricted to fines.

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That’s all for this week! Watch your inbox for next week’s Pop Up Press!

For more news about the projects we are launching on Launchpool, keep an eye on our Twitter, Telegram, Reddit, and of course come visit us at our Website and App.

For Launchpool Labs, keep in touch with developments and meet the first Cohort in our Discord channel.

Launchpool Press