Instaraiser Logo Instaraise

Tag: Tezos Community

Categories
DeFi tools

Unveiling the $LYZI Token: Utility, Tokenomics, and Investment Opportunities for the Tezos Community

LYZI IDO and tokenomics

Welcome to our latest blog post, where we dive deep into the exciting world of Lyzi, a next-generation crypto payment solution app, and its native utility token, $LYZI.

As Lyzi gears up for its Initial DEX Offering (IDO) on Tezos through Instaraise IDO Launchpad, it’s time for the Tezos community and potential investors to get acquainted with the $LYZI token, its utility, and tokenomics.

In this comprehensive guide, we will introduce you to the $LYZI token and provide an in-depth look into its utility, the tokenomics behind it, the token burn mechanism, and the upcoming IDO.

$LYZI Token

$LYZI is the native utility token of the Lyzi ecosystem, serving as the backbone for various in-app use cases, including incentives, cashback, and more.

The token is designed to enhance user experience within the Lyzi app, and will be used, earned, and held in multiple ways by users and merchants alike.

Lyzi’s Connection to Tezos

As a crypto payment solution app, Lyzi is launching its Initial DEX Offering (IDO) on the Tezos blockchain through Instaraise IDO Launchpad.

By utilizing Tezos’ scalable and energy-efficient infrastructure, Lyzi aims to provide a secure, efficient, and versatile payment solution for the cryptocurrency community.

$LYZI Token Use-cases

Secure and Seamless Crypto Payments

$LYZI token will be used for cashback and referral commissions, incentivizing users to make frequent visits to Lyzi’s merchant network and pay using Lyzi Pay.

By offering cashback rewards and referral commissions, Lyzi aims to distribute and democratize $LYZI tokens throughout the community, encouraging users to adopt the app and spend their cryptocurrencies within the Lyzi merchant network.

Staking and Earning Rewards

Lyzi token holders can stake their tokens to earn extra rewards, helping to maintain low selling pressure.

Staking will be available for 3, 6, 9, or 12-month periods, with rewards distributed daily via staking.lyzi.fr.

Payment and Loyalty Benefits

Users can enjoy reduced transaction fees and exclusive cashback offers when paying with $LYZI tokens.

Additionally, the token will be used as collateral for brand-defined loyalty token emissions, allowing users to swap loyalty tokens for $LYZI tokens and enabling brands to hold $LYZI tokens for reduced fees on their loyalty program.

Tokenomics: Buyback, Cliff/Vesting, Unlock, Burn, and Staking

$LYZI tokens may be bought back with other assets like EUR, XTZ, BTC, ETH, USDT/C, BUSD, and TRON. Tokens will undergo a cliff/vesting period when they are frozen and cannot be transferred or received.

An unlock period will follow, during which tokens are released sequentially.

An evolutive burn mechanism will control the number of tokens sent to a burn address based on the number of transactions and usage within the ecosystem.

Vault and Cash Flow Management

Lyzi will exclusively manage a vault for various purposes, such as temporarily increasing staking returns, funding new projects for the ecosystem, and compensating for bugs or fixes.

Cash flow generated by the platform will serve as the liquidity source for Lyzi’s activities.

$LYZI Token Utility: Enhancing the App Experience

$LYZI token is designed to promote user engagement and will be utilized across various use cases, including payment & loyalty, trading, and financial services.

$LYZI token users can enjoy a range of benefits such as:

  • Discounted trading fees
  • Instant payment at supported Point of Sale locations listed on the LYZI Wallet
  • Reduced crypto payment fees
  • 1 to 5% cashback on purchases
  • Debit card subscription and SEPA operations
  • Exclusive NFT rewards
  • Access to the dynamic $LYZI staking program
  • B2B & B2C incentives for merchants
  • Backing loyalty token emissions on LYZI Loyalty
  • DeFi applications
  • Rewards for account services
  • Buyback & burn from fees
  • Loyalty point marketplace

Additional Utilities

The $LYZI token also offers other utilities to further enhance the user experience:

Pay and Use

  • Instant PoS solution for merchants
  • B2B and B2C loyalty programs for merchants
  • Expanding the Lyzi merchant ecosystem

Trading

  • Euro/Crypto exchange with competitive discounted fees
  • User-friendly swaps for seamless trading

Account Services

  • SEPA banking and Mastercard with cashback rewards
  • Lombard credit and cashback incentives

Earning Opportunities

  • Staking for passive income
  • Automated DeFi investments
  • NFT rewards for engagement
  • Referral programs and incentives for users and merchants

$LYZI Token-economics

Key Figures

  • Token supply: 550,000,000
  • Private Sale Price: $0.04
  • Initial Market CAP: $3,785,050
  • Private Sale Raise: $300,000
  • Fully diluted Market CAP: $66,000,000
  • Initial Circulating Supply: 31,542,083

ICO Phases

The ICO will take place in three phases:

  1. Private: Ended
  2. Public 1: 1.92% of the supply, or 10,540,000 tokens
  3. Public 2: 2.42% of the supply, or 13,310,000 tokens

The token price during the private sale is €0.04, €0.08 during Public 1, and €0.12 for Public 2. Multiple currencies will be accepted for the ICO.

Fee Distribution

Lyzi will charge a 0.80% to 3% transaction fee for each transaction made through the app. The collected fees will fuel the tokenomics as follows:

  • 80% to Lyzi:
    • 75% sent to the Vault
    • 25% sent to Lyzi’s Cashflow
  • 20% to the community:
    • 50% burned when the supply is > 500 M
    • 50% pushed to Incentive reserve (Staking, Cashback, Loyalty)
    • When supply is < 500 M, the burn table above applies, and the burn percentage changes according to the number of weekly transactions

Buyback Mechanism

Fees collected from payments made in various cryptocurrencies will be used for buybacks. Lyzi can either convert the collected fees into $LYZI tokens or keep the assets used for payment.

Buyback percentages may change depending on market conditions or during marketing events to promote token and crypto payment adoption.

Burn and Evolutive Burn

Burned tokens will be sent to a wallet without private keys, with a target of 50 million tokens to be burned. Once the target is reached, the burn will evolve according to the number of transactions to modulate the token’s deflation speed.

During this phase, the burn is realized using the transaction fees, with 20% reserved for the community, including the burn.

Dynamic Staking

Dynamic staking allows users to invest their $LYZI tokens in liquidity pools during one or more cycles (30 days each) to collect yields.

The total number of yield tokens available will be split among users based on time and the number of tokens locked.

The number of tokens available as rewards will gradually decrease, with Lyzi having the option to increase the total number of yield tokens before the period ends. Returns are calculated dynamically based on several factors and will only be available once a period is closed.

Vesting: Understanding the Release Timeline

Vesting is the process through which tokens are gradually unlocked and released over a predefined period.

This mechanism ensures that token holders cannot immediately sell or transfer their entire token allocation, thereby preventing potential market manipulation or sudden price drops.

The vesting release timeline is designed to maintain a healthy and stable token ecosystem.

For more details and In-depth Tokenomics and TOken utility for $LYZI, refer to Lyzi’s official Whitepaper: https://lyzi.fr/wp-content/uploads/2023/01/Lyzi-Whitepaper-EN.pdf

Mark Your Calendar

Mark your calendar and set a reminder for May 5th, 2023, as the day when the $LYZI token becomes available for public investment through the IDO on Instaraise IDO Launchpad. Don’t miss out on this opportunity to become a part of the growing Lyzi ecosystem.

For participating in the $LYZI token IDO, Whitelisting will begin this week, so keep an eye out for the announcement on our Instaraise’s Announcement on Telegram and Twitter channel

More details on the IDO participation process, including KYC process, allocation of tokens and contribution limits, will be shared soon.

Stay tuned for updates and make sure you follow the guidelines to secure your spot in the IDO.

Join Instaraise Community channel:➡️ https://t.me/Instaraise

Follow us on Twitter at:➡️ https://twitter.com/Instaraise

Connect with Lyzi:
Twitter: https://twitter.com/Lyzi_app
Discord: https://discord.gg/lyzi-app
Website: https://lyzi.fr/
Telegram: https://t.me/Lyzi_us

Meet the Team behind Lyzi: https://blog.instaraise.io/meet-the-team-behind-lyzi-core-team-advisors-and-business-partners/

Categories
DeFi tools Events

Introducing Artsale: INO platform by Instaraise

Artsale, Tezos first initial NFT platform (INO)

Greetings, NFT aficionados!

We’re beyond excited to introduce our forthcoming INO (Initial NFT Offering) platform, Artsale – a comprehensive solution designed for NFT artists and buyers alike.

At Artsale, our goal is to empower NFT creators and the entire NFT community by delivering a seamless and user-friendly crowdfunding experience.

In this blog, we’ll guide you through the concept of INO and showcase how our all-encompassing Artsale platform enables you to run pre-sales (INO), mint, and explore a diverse range of NFTs on Tezos.
Let’s jump right in!

What is an INO and how do artists benefit from it?

An INO, short for Initial NFT Offering, is a crowdfunding model inspired by the concept of Initial Coin Offerings (ICOs).

By selling a limited edition set of NFTs collection through the platform, INO offers genesis NFTs – the first generation of NFTs – allowing participating investors to capitalise on the inherent supply constraints.

This decentralised offering model addresses various challenges artists face while selling their NFTs, such as immediate liquidity while benefiting retail investors and early adopters with lower listing costs and early access to their desired NFTs

Introducing the Artsale Platform

Artsale is a comprehensive Self-hosted NFT pre-sale platform built on the Tezos Blockchain that enables users to Run Pre-sales, explore, and mint NFTs.

We’re committed to making INO easy and intuitive for artists with features that allow them to customize their NFTs, set prices, define start and end times of their sale, and establish minting limits.

How does the Artsale platform work?

Navigating through the Artsale platform is a breeze. In the main section of our Artsale website, you will be able to explore and mint NFTs, participate in the Pre-sales, search for specific NFTs, and filter them based on sale details and other parameters.

Artsale provides 3 main features which enable Creators & NFT Enthusiasts in:

🌐 NFT Discovery: More exposure to your NFTs with Instaraise

All the Pre-sale will be listed on the discovery page of the platform. Additionally, the pre-sales will be shared on Instaraise’s Twitter and Telegram channel to showcase your NFTs to a wider audience

💲 NFT pre-sale: Run Self-hosted NFT pre-sale in 2 simple steps

Launch pre-sale for your NFTs on Artsale in just 2 simple steps.

Complete your KYC and create your pre-sale.

That’s it!

🖨️ NFT Minting: Grab your favourite NFTs before it goes to the marketplaces

Once the pre-sale is over, the NFTs will reflect in the “Collectibles” section of the wallet of the pre-sale participants

Events, just for you!

Here are quick glimpses of the event that you cannot afford to miss!

💰Refer and Earn: An exclusive event for NFT enthusiasts to refer their favourite NFT artists and earn rewards in $INSTA tokens.
🐂NFT Bulls: Top NFT buyers and investors on the platform will be rewarded additionally based on a gamified leaderboard on Artsale.

Details regarding these events will be updated in upcoming days.

🚀Creating a Pre-sale for your NFT

Creating an NFT on our platform starts with an Account KYC process to ensure a fully transparent and vetted sale.

Once you’re done with the KYC, you can create a pre-sale by entering details such as the collection name, sale duration, NFT link configuration, pricing, and sale limits. 

After completing these steps, you’ll land on the sale status page, where you can verify your NFT details on the Tezos Blockchain explorer via a provided link, and your pre-sale is ready to go live!

Your NFT pre-sale will then be listed under the Projects section of Artsale website, making it easy for potential buyers to discover and participate in your sale.

You can also check the sale details and status by clicking on your sale card.

Artsale will be launched in upcoming weeks with exciting events specially organised for the NFT creators and buyers on the platform

All the event details and updates will be shared on Instaraise twitter channel.

Stay tuned for our upcoming launch and join us on this exciting journey to reshape the NFT landscape on the Tezos Blockchain!

Categories
DeFi tools Ecosystem Updates

This week on Tezos: News & updates from the Tezos Ecosystem (25/02/2023)

Welcome to “This week on Tezos” where we aggregate all the latest news and updates around the Tezos ecosystem and present it to you every week. Get all the information about the ecosystem at one place.

This week, we have several exciting developments and news items to share with the Tezos community

XTZ price update

Tezos (XTZ) has been making moves in the crypto market lately, standing out with its positive price gains while many other assets have remained stable. Over the last seven days, XTZ has seen an impressive 16.54% rally, surpassing major assets like Bitcoin, Ethereum, and Ripple. In fact, XTZ has been one of the top performers in the crypto space this year, with an overall gain of over 83% since the beginning of 2023.

While there are several factors driving XTZ’s price growth, one significant factor in recent days is the partnership between Tezos Foundation and cloud computing giant Google Cloud, which was announced on February 23.

Tezos <> Google Cloud partnership

Google Cloud will serve as a network validator on the Tezos blockchain as a result of a collaboration between Tezos and Google Cloud. With the news, users of the cloud computing company will be able to install Tezos nodes and create Web3 apps on the blockchain. This marks a major milestone for the Tezos blockchain.

By utilizing the Tezos blockchain and Google Cloud infrastructure, the collaboration will enable businesses and developers to host and implement Remote Procedure Call (RPC) nodes for Web3 apps.

Both new and current users of Google Cloud will have access to the organization’s workplace baking program thanks to the Tezos Foundation. Through the initiative, Tezos will make the deployment of nodes and indexers on the Tezos protocol simple for Google Cloud users interested in developing Web3 apps.

The partnership is also set to provide select Tezos incubator startups with Google Cloud credits and mentorship via the Google for Startups Cloud Program. This is a significant step toward achieving institutional adoption and mass-market opportunities for Web3 technology.

The collaboration comes after Google Cloud set up a special team for digital assets in January 2022 with the intention of promoting the development and expansion of the blockchain ecosystem. The team’s main goal was to help Google Cloud customers create, exchange, maintain, and introduce new products on blockchain-based networks.

Rarible supports NFTs from Tezos marketplaces

On Thursday, Rarible, a well-known non-fungible token (NFT) marketplace, announced that Tezos NFTs would now be supported on its aggregated marketplace. The action comes after Rarible recently declared that it would start aggregating listing from Polygon. Rarible’s aggregation utility will enable its users to buy Tezos-based NFTs from exchanges like Objkt, fxhash, Teia, and Versum.

According to Rarible co-founder Alexander Salnikov, the company decided to incorporate Tezos markets into its aggregation tool in an effort to attract fans who value sustainability as well as crypto-native artists. According to Salnikov, “Tezos is very popular among artist communities, among the exact community that Rarible started with” 

“Tezos landed with the most crypto-native culture … it’s a carbon-neutral chain, it is decentralized, it is more or less one of the chains that achieved scalability and lower transaction costs without compromising decentralization” said the company in a press release.

The Tezos community embraced the announcement as it gave them easier access to a wider audience in Rarible’s network. When it comes to creator rewards, Rarible and Tezos value creators equally. In a press release, the company said that Rarible and all other Tezos marketplaces respect creator royalties.

That’s it for this week! We will be back next week with fresh news and updates around Tezos ecosystem, in our next edition of “This week on Tezos”

Categories
DeFi tools

“This Week on Tezos”- News & updates from the Tezos Ecosystem

Welcome to the first blog post of “This week on Tezos” where we aggregate all the latest news and updates around the Tezos ecosystem and present it to you in a simplified language. Get all the information about the ecosystem every week in one place.

This week, we have several exciting developments and news items to share with the Tezos community.

XTZ’s impressive performance

First, let’s talk about the recent performance of the Tezos token (XTZ). In January, the price of XTZ increased by 40.20% to $1.18, making it a popular investment option among crypto enthusiasts.

Despite a slight dip in price, the overall trend has been positive, with a steady rise in trading volume. Many analysts believe that Tezos (XTZ) will experience further price increases in 2023.

Mumbai upgrade attracts more development to the ecosystem

The Mumbai Upgrade, Tezos’ 13th network upgrade, was launched this week and has received a positive response from the Tezos community.

With the Mumbai Upgrade, Tezos (XTZ) aims to enhance the capabilities of the network by adding several new features, including transfer tickets between accounts and a shorter block time of 15 seconds. The development activity of Tezos (XTZ) has increased over the past few weeks as a result of the Mumbai Upgrade

California DMV <> Tezos Partnership

Another exciting development for Tezos (XTZ) is its collaboration with the California Department of Motor Vehicles (DMV) and OXhead Alpha. Tezos (XTZ) will help the DMV establish a DMV-based blockchain platform, with the aim of digitizing car titles exclusively for California drivers.

The blockchain platform will also streamline title transfers between different car owners. The chief digital officer at California’s DMV stated that they could build a shadow ledger or duplicate of the title database on the Tezos (XTZ) blockchain.

Within a couple of months, Tezos (XTZ) and its partners will build consumer-facing applications, allowing California drivers to use digital wallets consisting of car title NFTs on the Tezos (XTZ) blockchain.

Revoult’s Staking services

Another major development in the Tezos ecosystem is the recent announcement by Revolut, a leading fintech company with over 25 million customers worldwide.

Revolut is rolling out a new staking service this week that will support the tokens of Polkadot (DOT), Tezos (XTZ), Cardano (ADA), and Ethereum (ETH). Yields on these assets reach up to 11.65%, which is an attractive incentive for investors.

Tezos All-star circuit of champions in Fremont Speedway

Finally, we have exciting news for fans of motorsports. The Fremont Speedway has just released its 2023 season schedule, and it’s a good one for drivers and race fans.

The Tezos All-Star Circuit of Champions will make three appearances at the Fremont Speedway, including Ohio Sprint Speedweek and the traditional Jim and Joanne Ford Classic. This is a great opportunity for Tezos to showcase its cutting-edge technology in a fast-paced and exciting environment.

In conclusion, this week has been an exciting one for the Tezos community, with several major developments and partnerships that are set to drive growth and innovation. Whether you’re an investor, developer, or motorsports fan, there’s something for everyone in the Tezos ecosystem.

3,200 NFTs Giveaway!

Tezos India will be giving away a total of 3,200 NFTs at the upcoming India Art Fair 2023, 9-12 February

Starting on February 9th, visitors will have the opportunity to visit Tezos’ large-scale computational art installation called “Computational Convergence.” This showcase will feature one-of-a-kind generative NFT artwork created by artists Kartick Dondeti, Pixelkar, Aranya, and KALA.

Visitors can easily collect these NFTs, minted on Tezos Blockchain, directly through their smartphones while at the fair.

That’s it for this week! We will be back next week with fresh news and updates about Tezos in our next edition of “This week on Tezos”

Categories
DeFi tools Dev updates Events

Falcon- InstaDEX public Testnet release

Instaraise is beyond thrilled to release the Pubic testnet version of our Decentralised exchange on Tezos. Falcon has just landed on earth and anyone from Tezos community can now experience the new innovation that has come in Tezos DeFi ecosystem.

Falcon is the public testnet version of our upcoming InstaDEX which is the closest to the mainnet version of the DEX.

We proudly present the Tezos community our Public testnet version of InstaDEX which is packed with features that are never seen before in Tezos Defi.

  • The Impermanent loss protection in InstaDEX, will ensure that the community is encouraged for their efforts and not penalized by forcing them to accept impermanent loss under volatile market conditions.
  • Single asset liquidity provisioning will attract more liquidity into Tezos DeFi ecosystems allowing LPs to make greater sums. As liquidity increases, users across DeFi protocols can swap for needed tokens easily with no worries of slippage and interact with plenty more use cases and applications.

Dive deep into the inspiration and technical aspect of InstaDEX.

InstaDEX Lightpaper ➡️https://docsend.com/view/xag2x6m7t7ehi5vy

InstaDEX Overview➡️https://blog.instaraise.io/introducing-instadex/

At Instaraise, the security of our users is our number one priority. As such, we strive to provide the most secure platform possible.

Although our Devs are doing their best to find every possible vulnerability on our platform, there is always a slight possibility that a few of them could have been overlooked. Thus, we decided to introduce a bug bounty program.

Any Tezos community member can take part in the program and earn rewards by reporting the bugs they find in our public testnet version of our DEX.

Falcon Bug Bounty program

This section will give you an overview of the InstaDEX Bug Bounty Program. Please make sure you keep the ruleset in mind before investigating any issues

We will evaluate reported security issues based on the security impact to our users and the Instaraise ecosystem.

As a Bounty hunter, you will also be the early adopters of InstaDEX and a part of the Instaraise’s effort to improve Tezos DeFi. In this program you will be helping us in testing ins and outs of the DEX.

Eligibility

Since this is a public event, anyone who is willing and interested to help in building and bringing new innovation to Tezos Defi is welcome to come forward and help us on the same journey.

Scope

Our DEX has 4 main features that will be your focal points while testing which are:

Swap, Tokens, Liquidity and Faucet.

As a Bug hunter, you will be required to test Skywalker and hunt down any bugs or security concerns that might be critical for the development of the DEX

Apart from this, you are welcomed to provide your valuable suggestions and ideas that can further improve DEX functionalities. Your suggestions and feedbacks can range from UI/UX improvements, your experience with the whole DEX etc.

How to begin?

To kickstart with the testing of our DEX please visit:

 ➡️ alpha.instaraise.io

Load the testing tokens to your wallet with the Ghostnet Network via our Faucet feature. You can refer to this Video for reference: faucet

Your main objective post loading the tokens will be to test out the Swap Tokens and Liquidity features in our DEX.

(Don’t forget to toggle the Day/Night mode of the website according to your convenience)

Rewards

Total 5 winners will be selected on the basis of the criticality and the vulnerability of InstaDEX due to the bug. All the winners will share prize pool of 2000$ worth of XTZ equally ($400 each)

The distribution of the rewards will be done right after the Mainnet launch of InstaDEX

Bug Reporting

Submitting the bugs and feedbacks is as easy as posting a tweet!

After testing the ins and outs of the Falcon, you can report the bug or your feedback by simply sharing them via individual tweets or a tweet thread on Twitter with proper screenshots/videos supporting your report.

If, anyhow you are unable to find any bugs, you can even share your review about the Falcon via tweet which will be equally significant.

Make sure that you tag “@instaraise” in your tweet along with the hashtag #InstaDex and #Tezos for us to find your tweet easily.

TIP- The more elaborated and well explained is your tweet, the higher is your chance of winning!

For any other queries related to the program, contact us directly on the Instaraise official telegram community channel where our admins are always ready to help you.

Criteria for Rewards

Winners will be selected on the basis of

  • The criticality of the bugs and issues found out during your testing
  • Significance of your feedbacks for the development of the DEX
  • The level of deep testing done by the testers which will be interpreted by the quality of your bug and feedback tweets

Good luck, happy testing and many thanks to you all for ensuring that our DEX goes out smoothly with all the best of feedbacks and suggestions incorporated.