The dawn of REDACTED NAME (codename: Project Cerberus) is rapidly approaching, so we thought we’d do something a little different for our September sale.
VOX love to party. What’s the best kind of VOX party??? A COSTUME PARTY!!! We know we’re a little while from the traditional costuming time of year… but we just can’t stop ourselves. Who doesn’t love some dress up?
We’ve got a sweet lineup of costumes for your VOX inside a couple packs bursting with other VOXish goodies. This costume party’s theme is “The Jungle”… and that of course has nothing to do with the three salivating heads of this Cerberus waiting to get off its chain, oh no! This costume party is definitely for fun and not food preparation!
The Jungle Critters Box
Sale Price: $19.99
The Jungle Critters Box has everything you need for an awesome costume party, just waiting to be opened and tried on!
You’ve got a one out of three shot for each of the jungle critters within this pack:
Buns the Bunny
Roark the Tiger
Bubbles the Frog
Each box also comes with 2400 Bytes, the premium currency of Project Cereburus. This is $19.99 worth of Bytes at retail value, letting you stock up while you get fashionable, jungle-stylee.
If you love costume parties as much as we do, the Jungle Rumble Box is for you. This box contains a shot at all the costumes from the box above and also comes with some sweet Jungle land, a crafting pack and a pile of Bytes.
Roark the Tiger (33.33% chance)
Bubbles the Frog (33.33% chance)
Buns the Bunny (33.33% chance) One of the three above guaranteed!
Common Jungle (50% chance)
Uncommon Jungle (35% chance)
Rare Jungle (14.88% chance)
Legendary Jungle (.10% chance)
Ancient Jungle (.03% chance) One of the five above guaranteed!
Common Crafting Pack (50% chance)
Uncommon Crafting Pack (37.5% chance)
Rare Crafting Pack (12.5% chance) One of the three above guaranteed!
6000 Bytes ← GUARANTEED
The guaranteed 6000 Bytes alone is nearly $49.99 of retail value, so this box definitely has plenty of jungle love to go around! Costume party, VOX style — while also getting a great start at the beginning of Project Cerberus!
It’s costume party time right now, and these boxes are live in the store!
We’re doing a box like this every month as a celebration of Project Cereberus’s progress. Each box will only be available for that month, so get ‘em while you can!
Again, we’d like to note that the VOX Populii are definitely not making predictions about which jungle critter a Cereberus is most likely to try and fetch first. There’s also no correlation between the three heads of a Cereberus and the three different costumes offered in this sale. Why would you even ask that!? What kind of monsters do you think we are?
Which costume are you hoping to get? Will you get lucky and open some serious land from these silly boxes? C’mon… try it and find out!
Liquidity is a concept that pops up often in the world of finance, and it’s just as important in the Web3 space, especially with the rise of decentralized finance (DeFi). In simple terms, liquidity refers to how easily you can buy or sell an asset like a cryptocurrency, without drastically changing its price.
To put it in everyday language, imagine you’re at a market selling apples. If there are plenty of buyers ready to purchase your apples at the current price, then your apples are more “liquid.” You can sell them quickly, and you don’t have to drop the price to attract a buyer. However, if there are only a few buyers, you might have to lower the price or wait a while to sell your apples. In that case, your apples are less liquid.
Sellers and buyers are both necessary for any market to work effectively; the concentration of each of them influences the market in many different ways.
In Web3, liquidity applies to digital assets like cryptocurrencies and tokens. High liquidity means people can trade their tokens quickly, while low liquidity means it’s harder to find someone to trade with, and you may need to wait longer or accept a worse deal.
Why is Liquidity Important in Web3?
Liquidity plays a big role in how smoothly decentralized markets and applications function. Here’s why liquidity is crucial in the Web3 world:
Efficient Trading: High liquidity means you can easily trade your tokens without slippage (the difference between the expected price of a trade and the actual price). If liquidity is low, prices can swing drastically after each trade, creating an inconsistent and unpredictable market.
Fair Prices: In liquid markets, prices tend to be more stable and reflective of real value. With low liquidity, even small trades can cause big price movements, making it harder to predict what you’ll pay or receive for a token. This is why with tens of thousands of altcoins in existence, the vast majority of them have proven so volatile from one day to the next.
User Experience: Web3 applications like decentralized exchanges (DEXs) need liquidity to offer fast and reliable services. If liquidity is low, users may experience delays or unfavorable prices when trading tokens, which can discourage participation in that exchange. For a decentralized exchange like Uniswap to compete with a centralized (privately owned) exchange like Coinbase, liquidity is used to create equally convenient trading activities for users.
How Does Liquidity Work in Web3?
In Web3, liquidity typically comes from two main sources:
Liquidity Providers (LPs): In decentralized finance (DeFi), liquidity often comes from regular users who deposit their crypto into a liquidity pool. These users are called liquidity providers. By contributing their tokens to the pool, they help create liquidity, which allows others to trade. In return, liquidity providers earn rewards like a share of the trading fees. Typically, a liquidity provider contributes to a liquidity pool by providing an equal-value amount of both tokens involved in that exchange pairing.
Liquidity Pools: A liquidity pool is a smart contract that holds funds to facilitate trading between different cryptocurrencies on a decentralized exchange. For example, if someone wants to trade Ether (ETH) for a stablecoin like USDC, the liquidity pool allows them to do so without needing a direct buyer or seller. The more funds in the pool, the easier and quicker trades can be made.
Think of liquidity pools like communal pots of money that people can use to trade tokens with each other. The bigger the pot (more liquidity), the easier it is for everyone to trade, and with larger amounts at a time.
Examples of Liquidity in Web3
Uniswap and Liquidity Pools: One of the most popular platforms in DeFi, Uniswap, allows users to swap between different tokens by tapping into liquidity pools. Users provide liquidity by depositing pairs of tokens (like ETH and USDC) into the pool. In return, they receive a percentage of the fees generated when other users make trades.
Stablecoins as Liquid Assets: Stablecoins like USDC or DAI are often considered highly liquid because they are widely used and can be easily exchanged for other tokens. Their prices are stable, which makes them ideal for providing liquidity in many DeFi applications.
NFT Liquidity: Liquidity doesn’t just apply to cryptocurrencies—it also applies to NFTs (non-fungible tokens). Some platforms are experimenting with ways to create more liquidity for NFTs by letting users fractionalize them, meaning they split the NFT into smaller pieces that can be traded more easily.
Liquidity Mining and Yield Farming
In the Web3 world, liquidity mining or yield farming is a way that people are incentivized to provide liquidity to a decentralized platform. Essentially, liquidity providers earn rewards, usually in the form of extra tokens, for depositing their assets into a liquidity pool.
For example, if you deposit your crypto into a liquidity pool on Uniswap, you may receive Uniswap’s governance token ($UNI) as a reward. This is a reward incentive, a way to encourage more liquidity, keeping decentralized exchanges running smoothly.
Why Liquidity Matters for Web3 Projects
For Web3 projects to thrive, they need liquidity. Without it, users would struggle to trade tokens or interact with decentralized applications (dApps). Here are a few key reasons why liquidity is critical:
Smooth Functioning of DEXs (Decentralized Exchanges): DEXs rely heavily on liquidity pools. Without enough liquidity, users can’t easily swap tokens, which disrupts the whole system.
Trust and Adoption: High liquidity signals trust in a project. If a project has deep liquidity, more users are likely to join, trade, and use the platform. On the other hand, low liquidity can deter users because they may worry about the stability and usability of the platform.
Price Stability: More liquidity means token prices are more stable and less likely to be affected by large trades. This creates a healthier market and attracts both casual and serious investors.
Common Liquidity Terms in Web3
Liquidity Provider (LP): A user who contributes tokens to a liquidity pool to facilitate trading on a decentralized exchange.
Liquidity Pool: A smart contract that holds tokens to enable decentralized trading between two or more cryptocurrencies.
Slippage: The difference between the expected price of a trade and the actual price. High slippage happens in low-liquidity environments.
Liquidity Mining/Yield Farming: The process of earning rewards for providing liquidity to a platform or decentralized exchange.
Impermanent Loss: A potential risk for liquidity providers. This occurs when the price of the deposited tokens changes compared to when they were deposited, leading to lower value when they’re withdrawn.
The Lifeblood of Web3
Liquidity is crucial to making decentralized platforms work efficiently. Whether it’s enabling quick and cheap token swaps, stabilizing prices or collecting rewards through liquidity mining, liquidity plays a huge role in Web3 ecosystems.
For those new to the Web3 world, understanding liquidity can help you make better decisions when participating in DeFi platforms, trading tokens or even providing liquidity yourself for passive rewards.
🐾Get your paws ready, because our latest Telegram mini app game Gala Meow Coin has just dropped! 😻
Part of the epic $TREZ ecosystem, this purr-fectly crafted tapper game lets you tap, collect and claw your way to the top. Whether you’re a die-hard degen or just a sucker for adorable kitties, Meow Coin is the next level of fun (and FOMO).
Who Can Play?
Like all our Telegram mini app games, anyone with a free Telegram account can play as much as they want, 100% free! You don’t even have to download anything– the game is launched right through Telegram with the help of the most adorable Gala Meow Coin Bot!
How it Works
🐱 Tap your way to the top: Complete quests, tackle tasks and upgrade your kitty power. 😸 Bring your fur-ends: Invite your friends for extra in-game coins and rewards! 😸 Chase the leaderboard: The most dedicated tappers will secure prime spots, giving them a chance to claw into that juicy daily $TREZ distribution!
With every tap, you’re setting yourself up for serious rewards once $TREZ hits the scene. That’s right, your Meow Coin game stats will factor into the initial $TREZ seasonal distribution. So, don’t snooze like a lazy cat—get tapping and collect those in-game coins while the rest of the litter watches in envy. 🐾
You don’t want to be the last cat in line when the $TREZ rewards start flowing. Ready to dominate? Or are you going to let the other cats lap up all the cream?
The conclusion of Season 6 has come… congratulations to all the victors!
As Captains across Elysium tend to their wounds and gather their forces for the next battle, let’s take a moment to appreciate the successes of the past before we focus on the struggles of the future.
Need a refresher on starting out? Check out this guide to getting your best foot forward right away in a new season:
The battle for Elysium is long, and many Captain’s strategies will fall short of victory. Still, there are those that persist and triumph. The few rise to the top to gain Elysium’s true power!
Total $ETIME in seasonal rewards: ~926k
Battle Power — 20% of Season Rewards
Think you’re powerful? How did your overall effort stack up against the other Captains?
Hello World
DubstepRod
Sydney
Elof
beckoned
Arena — 20% of Season Rewards
No soldiers, no resource management… just battle. Did the arena lead you to glory or defeat?
DubstepRod
OwO
Tired
CaptWusl
Mr.Geologist
Conquest — 60% of Season Rewards
This is what you all prepared for. The great battle that pits guild against guild, Captain against Captain. Was your battle for The Ring successful?
Elof
Jeryyyyy
HelloWorld
Inywer
LordHeLL
Especially Honorable Mention
This season only one player achieved top 10 in all three rankings…
Congratulations to DubstepRod! At 6th in Conquest, 1st in Arena and 2nd in Battle Power, DubstepRod dominated the leaderboards this season!!!
EDIT: We actually have another rank dominator… Elof! Elof changed their name to “Tired” at the end of the season… and who couldn’t blame them for being tired… 1st place in Conquest, 3rd place in Arena and 4th place in Battle Power.
“Tired” at 3rd place in the Arena is, in fact, Elof! This means they too were an overwhelming force in this season… we salute them!
Check your final rankings in the following table! Shown are top 100 in Conquest and Battle Power and the top 50 in Arena!
In season 6 we saw epic battles, unexpected outcomes and a new level of competition never before seen in Elysium. The battles that will come in Season 7 are up to the Captains who fight them… but if the escalation of the past is any indication, we’d expect to see more intense confrontations for power.
Unlike some previous seasons, Season 6 brought four guilds in the top of the Conquest ranks that were actively competing for the win. Fierce competition yields major fun… who will rise to the top next season? Will we see a new power rise to challenge The Ring, or will the rulers of previous seasons come back fighting and dominate Elysium once again?
Season 7 brings an all-new Mercenary, new season features and season Mercenaries, and above all else an entirely new chance to claim The Ring.
Keep an eye on Discord in the first week for daily codes… you’ll need supplies to get your war started.
We’re not going to dive into the seasonal meta until you get a chance to hop in the game in the next hours. Stay agile in your tactics… you have no idea how a new Mercenary or new meta will affect your strategy. Those who capitalize on these opportunities are often among the victors.
Good luck in your coming battles Captains… and thank you for an amazing Season 6!
Don’t forget to update your game before Season 7’s launch at 5pm PT!
Layer 2 (L2) blockchains are solutions built on top of an existing Layer 1 (L1) blockchain (like Ethereum) to improve its performance. In simpler terms, if the blockchain was a road, Layer 1 would be the main highway, and Layer 2 would be like a smaller, parallel road built to ease traffic on the highway. The goal of Layer 2 chains is to make transactions faster, cheaper and more scalable.
Why Do We Need Layer 2?
Blockchains, especially popular ones like Ethereum or Bitcoin, often face issues like slow transactions and high fees when too many users are trying to make transactions at once. This is because every transaction has to be processed by all the computers (or “nodes”) in the network, potentially slowing things down and making performance inconsistent.
Layer 2 chains help solve this by processing transactions separately from the main blockchain, reducing the workload on Layer 1. Once the transactions are bundled or “rolled up,” they are sent back to the main blockchain, significantly speeding up the process.
How Do Layer 2 Solutions Work?
Layer 2 solutions relieve some of the main blockchain’s burden, allowing users to conduct transactions without congesting the main network. Here’s a breakdown of how this works:
Transaction Bundling: Multiple transactions are grouped together.
Processing Off-Chain: These transactions are processed “off-chain,” meaning they don’t happen directly on Layer 1.
Settlement on Layer 1: After processing, the result of these transactions is sent back to the main blockchain, reducing the load.
An easy analogy would be an amusement park with long lines for rides (the Layer 1 blockchain). Layer 2 would be a fast pass line that processes smaller groups more quickly, then checks them in with the main system.
Polygon (formerly Matic): One of the most well-known Layer 2 solutions for Ethereum, Polygon uses a technology called “sidechains” to help Ethereum scale. Polygon runs alongside Ethereum, processes transactions off-chain and then updates the Ethereum blockchain with the results.
Arbitrum: This uses a method called “rollups” to bundle transactions together, verify them off-chain and then submit the summary to Ethereum. It helps reduce costs and speed up transactions.
Optimism: Similar to Arbitrum, Optimism uses rollups to bundle transactions and reduce the cost of using Ethereum while keeping the security benefits of Layer 1.
Why is Layer 2 Important for Web3?
In the Web3 world, where decentralized applications (dApps), smart contracts, and DeFi (decentralized finance) platforms are booming, scalability and low transaction costs are critical. If users have to wait a long time or pay high fees every time they want to interact with a blockchain, mass adoption becomes much more challenging.
Layer 2 solutions are important because they offer:
Scalability: More transactions can be processed, allowing blockchains to handle millions of users at once.
Reduced Costs: Since fewer transactions are processed directly on Layer 1, the fees (often called “gas fees”) can be significantly lower.
Faster Transactions: Moving some of the work off-chain means transactions can often happen in seconds or minutes instead of hours.
Layer 1 vs. Layer 2 and Beyond
Layer 1 (L1): This is the foundation, or main blockchain, like Ethereum, Bitcoin or GalaChain. It provides the most security but often struggles with speed and high costs as it grows in popularity.
Layer 2 (L2): These are secondary systems that sit on top of Layer 1 and help by processing transactions faster and more efficiently without compromising too much on security.
Think of Layer 1 as a big city with traffic congestion. Layer 2 is like a fast train running above ground to take people out of the crowded streets and speed up their commute. The existence of this train benefits not only the riders of the train, but the car commuters as well, who can then enjoy less congested streets below.
In a world where blockchain usage is growing daily, the technology needs to scale quickly. Layer 2 solutions are not just an option but a necessity for the future of Web3. They ensure that decentralized platforms can function smoothly without making users deal with high fees or slow transaction times.
With the rise of popular Layer 2 solutions like Polygon and Arbitrum, users can look forward to a blockchain world where interacting with decentralized apps and services is as seamless as using traditional web apps—fast, cheap, and scalable.
GalaChain is a Layer 1 blockchain with the potential for integrated Layer 2 systems. Once the GalaChain ecosystem is used by enough external developers and users, organization will be streamlined through the use of multiple layers.
