FTX is a cryptocurrency exchange built by traders, for traders. It offers innovative products including industry-first derivatives, options, volatility products, and leveraged tokens. Their mission is to develop a platform robust enough for professional trading firms and intuitive enough for first-time users and that makes it stand out from the competition. When compared to some of its rivals, it supports over 300 coins, which is a sizable quantity.

The recently resigned CEO, Sam Bankman-Fried, founded FTX in 2018 with Gary Wang who is the current CTO. He initially co-founded Alameda Research which is a quantitative trading firm in September 2017 with Tara Mac Aulay. As a pioneer in both bitcoin liquidity and quantitative trading, Alameda offers round-the-clock OTC services and aids FTX in keeping deep order books.

The exchange, which was created by Alameda as well, raised $8 million in three investment rounds. The Series B round, which came after the 2019 Seed and Corporate rounds, was finished in March 2020. Liquid Value Capital committed capital to it. While One Block Capital, Kenetic, FBG Capital, and Greylock Partners all invested in the Seed round, Binance served as the round’s Lead Investor.

Interestingly, it seems that FTX was founded on a similar house of cards to TerraUSD. Similar to many other exchanges, FTX featured FTT, a cryptocurrency token created to fund the exchange’s numerous projects.

Owners of FTT might stake the token to generate money from their holdings or use it to get discounts on FTX trading fees. It’s a typical tactic; Binance, for instance, provides Binance Coin (BNB) and Binance USD, two native tokens (BUSD). But because of how the token was utilized to sustain FTX, SBF’s empire was overly vulnerable to FTT price fluctuations.

As a result, Sam Bankman-Fried, the CEO of cryptocurrency exchange FTX, resigned on Friday after the exchange filed for bankruptcy in the United States due to a liquidity crisis that forced international regulators to step in. According to reports, the root of the problem with FTX’s demise was tracked months earlier due to errors Bankman-Fried made after intervening to save other crypto firms as the crypto market crashed amid rising interest rates. Some of those transactions involving Bankman-trading Fried’s company, Alameda Research, resulted in a string of losses that ultimately proved to be his downfall.

Just a few months ago, FTX had a $32 billion market value. Bankman-Fried, a self-made young billionaire whose crypto empire once included FTX and investment firm Alameda Research, is one of cryptocurrency’s most well-known people.

Alameda Research was created with the intention of serving as a liquidity source on FTX. When Bankman-Fried introduced FTX in 2019, he stated that Alameda’s motivation was to see FTX succeed as much as possible.

Unfortunately, According to FTX, voluntary Chapter 11 bankruptcy proceedings have been opened in Delaware for FTX, its connected cryptocurrency trading fund Alameda Research, and roughly 130 other businesses. Due to FTX, one of the largest cryptocurrency exchanges, announcing it will begin bankruptcy proceedings in the United States, shares of cryptocurrency and blockchain-related companies fell. This might lead to a catastrophic industry meltdown.

As the owner of Binance shared on a Twitter post, there are lessons we must learn from this incident. First is never use your token as collateral and the second is don’t borrow if you run a crypto business. Don’t use the capital “efficiently”. Have a large reserve. He further exclaimed that Binance has never used BNB for collateral and they have never taken on debt.

In the same manner, The Space Guild in its entirety has never borrowed money from any agency or existing cryptocurrency companies. We have been operating from our own internal funds and we aren’t just using them efficiently, we have a large reserve enough to fund the development of our five games with a value of 10 million dollars which are going to be released very soon. Apart from that, our specialists are checking and carefully analyzing the best strategy and the most effective time to release our Space Token learning from the recent downfall of major exchanges and huge projects. We can only learn from the experiences of others so that we won’t suffer the same fate. With all these development from the crypto space, we will definitely be more cautious and strategic as we set for takeoff.

References:

https://www.cnbc.com/amp/2022/11/10/crypto-billionaire-sam-bankman-fried-blames-himself-for-ftxs-collapse-admits-he-f-ed-up.html

​We have made great efforts and at present, the 3D reconstruction of WarSindia is about to be completed. According to the development log, the WarSindia test mode will be available to serve you in December and we will select a group of players from the Army Box holders to participate in the test.

​

Guild upgrade:

We cooperated very smoothly with gleam, but due to gleam’s anti-cheating mechanism, the mobile version of the guild could not successfully complete the daily tasks for a period of time in the past, and could only be completed through the web browser of PC and Mac. However, this problem has been solved. Now, you can use your phone to complete guild quests and get daily rewards. At the same time, we plan to increase the ways of obtaining FXP, reduce its difficulty, and allow participants to get more generous rewards.

Double the surprise:

​We reset all 2D materials to 3D in order to improve the visual effects of Sindia’s construction and battle. However, we were pleasantly surprised to find that the 2D material part of WarSindia can also come in handy. We are trying to use the 2D material part to build a WarSindia MMORPG game called the Sindia Chronicle which tells the story of 1000 years before WarSindia. Yes, here you will meet the legendary heroes of Sindia, Santa Kaheer, and Brandon. Embark on a touching and epic adventure with them.

Compared to WarSindia which focuses on competition, Sindia Chronicles is more suitable for casual players. The game will share Army Boxes which means the use and burn consumption of Army Boxes will increase and early holders will get more value. But since the sale of Army Boxes has ended, the only way you can get them is to buy through our next official exchange.

About the market:

Our data team has detected that the Chinese Community is very active with 62.8% of our sales coming from the Chinese market. Thanks to the promotion of our strong Chinese community leaders. We are honored to provide game services for the Chinese community and we have plans to launch an exchange and social media platform for them. We have customized interesting functions for the platform that subvert the existing industry structure. Currently, various functions are in the confidential stage. A detailed function preview will be released in October. Space Token will become the platform currency of this exchange and our social media.

Wallet:

As we all know, Space Guild is committed to creating the largest and most diverse WEB3.0 entertainment ecosystem. In order to optimize the player’s experience, our technical team is developing an encrypted currency wallet for the whole platform, connecting all our games, social media, and entertainment.

More surprises:

After five months of development, the ecology of Space Guild has developed tremendously. We are a real development company and we do not have any loans, so you don’t have to worry about global interest rate hikes. We do not have high financing and interest burdens. The members of the team are 100% devoted to their work and do not have to worry about financial risks, so you also have no risk. The bad economic environment has little impact on us and everything is going on normally. As you can see, we are making a lot of It is a value-for-money ecological project and we did not finance or borrow money because we positioned the space ecology as a real industry. We have no bubbles from the early stage of the project, which can also ensure that everyone’s investment is safe and will not shrink.

Not only that, but at the end of this year, we will have two games (Eternal Brawl and Tank Bombing) available for everyone to play.

Opportunities to make money:

The Space Guild is a project with creativity and vitality. We have hired the world’s top business planners and financial designers to create a perfect financial system for investors. We receive a large number of requests every day, asking us to launch tokens as soon as possible (Space Token) but our research team found that the current market investment confidence is not enough and the liquidity of cryptocurrency has been reduced to the lowest value in four months. So, we still need to be cautious about the launch date of the token plan, but this is not our mind. Yes, we want to add more practical empowerment to the token, so we consider that on the eve of the public play of the game, start the token activity to ensure that everything is ready so that everyone can get the most practical and valuable product!

Don’t worry, as I said, we’re not in a rush to raise money and make money, we’re just trying to do the perfect job at the moment!

We can reveal some information. The token activity will start before the two games officially launched in December. We also provide token holders with the opportunity to make stable money. Our design team has developed a game that investors can earn and have the opportunity to obtain stable income. We call it game mining and it will provide you with an annualized income of 36%! Remember, this revenue is non-inflated. We are not an ordinary gamefi that will collapse! Our income is lossless which means that your income is real and stable. This income model will run through most of Space Guild’s games. The specific introduction will be announced when the token event or game is released. Currently top secret.

Stay tuned for the next update Warriors and Brawlers! 💪🔥🔱

Crypto is experiencing a surge in popularity in the digital arena over the last few years. It has been the center of attention whether on Mainstream Media, YouTube Channels, Telegram Groups, Discord Channels, and all the other Social Media Platforms. The rapid rise of crypto communities has greatly increased the number of people interested in investing in cryptocurrencies, regardless of their age, gender, nationality, status, or social class. But how do we organically bring cryptocurrency to the average person?

WarSindia’s team of experts has strategically planned the project’s growth towards becoming the Ultimate Metaverse Empire. Our whitelist and gleam competition is the frontrunner in our arsenal of organic growth.

We started our sought-after Whitelist and Gleam Competition last 28th of March and it ended on April 11, 2022. The competition ran for 15 days where we incredibly received almost 200,000 entries. Many famous publications and online news sites, including Yahoo News and Globe News Wire, have published articles about the Whitelist Competition as part of our vast marketing effort. We were featured on a number of popular crypto blogs, including Coin Checkup Blog, Coin Telegraph, and Coin Gape, to mention a few. These had been instrumental to the success of the competition. Here are the links to some of the articles:

CoinTelegraph | Yahoo News | CoinGape

WarSindia was also featured by a number of Twitter influencers and crypto YouTubers in their respective channels which added to the popularity of the WL and Gleam

Competition and the project in general. Here are some of the links:

Video 1| Video 2| Video 3 | Video 4

Out of nearly 200,000 submissions, 500 warriors were randomly chosen as winners. We also gave away $5000 to 15 lucky participants, with ten winning $200, four winning $500, and the luckiest of them all winning $1,000. A photo contest was also launched on Twitter, in which many of our Twitter followers took part. The rules of the photo contest were simple. Those that joined simply tweeted a creative photo of themselves with the hashtag #JoinWarSindia, followed our official Twitter account, liked and shared the original tweet, and tagged three people in the comments section. Two winners each earned $500 USD, a whitelist slot, and two Army Boxes; one Common Army Box and one Premium Army Box. It wasn’t our first cash giveaway; we had hosted other Twitter influencer giveaways in the previous months, totaling $4750. Here are the video announcements of the whitelist and photo contest winners:

The successful whitelist and gleam competition gave potential buyers early access to the pre-sale event of the WarSindia Army Boxes.

Discover more about WarSindia on:

Twitter • Discord • YouTube • Telegram Channel • Telegram Group • Instagram • Medium • GitBook

Who doesn’t want to make money doing what they enjoy? Our community has increased enormously since the opening of our Telegram and Discord channels. Thank you to our brave warriors for spreading the word about WarSindia to their loved ones. The awesome warriors who are inviting everyone they know to invest in this project are responsible for our community’s organic growth.

In appreciation for your hard work and dedication, our website has been upgraded with a fantastic referral system where you can encourage your friends and family to buy Army Boxes while earning a 20% commission on each purchase. Isn’t it wonderful? What is even amazing about this referral program is that every 24 hours, the system will send you the money in USDT/USDC from each successful transaction made by your referrals.

Our referral program is different from others in that you don’t have to wait weeks or months to get compensated. You are paid every 24 hours with WarSindia, and the money is sent directly to your wallet. However, we do have one simple criterion. To refer and earn money with us, you must have at least two Army Boxes in your inventory. After you have purchased your Army Boxes, your referral code will appear in your account and your friends must use it to register and buy boxes. For example, suppose you purchased 2 Army Boxes and your referral purchased 10 Army Boxes. Your two Army Boxes are free since you will recoup your whole investment. So keep loading up Army Boxes and continue inviting people into our community. Unlimited referral means unlimited income. Other details about this income opportunity can be seen in this video on our YouTube Channel.

Discover more about WarSindia on:

Twitter • Discord • YouTube • Telegram Channel • Telegram Group • Instagram • Medium • GitBook

Following the successful Whitelist and Gleam Competition, we held our much anticipated WL Presale last April 15, 2022, which is 24 hours earlier than the general public. In this Whitelist Presale, we managed to sell a whopping 1 million dollars. After it was opened to the public, the total sales reached 3 million dollars on the 3rd day and 4 million dollars on the first week. We managed to reach our one-week target on the first day and our one-month target in just a week.

Looking back at the last three years of play-to-earn games, it can be revealed that no one has surpassed a million-dollar sales on the first day. Just for the purpose of comparison, Fuel Games, the creators of Gods Unchained, only sold over $1 million in in-game stuff within two weeks of the game’s release. In the first week of its Battle Racers pre-sale, Altitude Games raised just over $130,000, while Dapper Labs’ Cheeze Wizards raised just over $176,000. Other NFT games can’t even exceed 1 million, but Sindia made 4 million in just one week, can you imagine the difference? Indeed, WarSindia is beyond the ordinary.

But this milestone was not achieved as smoothly as envisioned. Due to our popularity, we were not spared from people wanting to take advantage of our incredible sales by hacking our system. As soon as we opened our Presale, we immediately received hundreds of orders, but at the same time, there were deliberate attacks from people trying to hack our servers and our website. Our team of developers reacted quickly, beefing up security and boosting the number of servers to keep all orders running smoothly and mitigate the impact of the attacks.

As compensation for the warriors who got affected by these unforeseen events, they were given an exclusive “Union Treasure Chest” called the GUILD BOX. The most interesting aspect of this GUILD BOX is the fact that it contains two Guild Master Prizes. The Guild Master will be shared by the two luckiest Warriors who get it, and the Guild Master can be passed down for generations. It is also worth noting that Guild Box is a limited edition item that will no longer be available after this period.

Discover more about WarSindia on:

Twitter • Discord • Youtube • Telegram Channel • Telegram Group • Instagram • Medium • GitBook

Many people assume that blockchain games earn tokens and profit quickly. But is this the best way to monetize?

One of the most jarring drawbacks of GameFi is that the coins rapidly depreciate once they are made.

When we designed WarSindia, we realized that our players would be our most valuable asset. So we created a system for players to overcome challenges and earn tokens, which advertisers can sponsor.

As you can imagine, if we have millions of players and your business gets featured in the game, the exposure is going to skyrocket your brand’s awareness.

Furthermore, our business model is not limited to games. We will also organize eSportsFi tournaments that will attract millions of views and activate our revenue streams.

In the next few months, we will be launching the infrastructure below in sequence:

• A union system

• eSportsFi social media

• Streamer reward and an all-in-one metaverse platform

This is just a brief glimpse into our master plan. So, stay tuned for more updates in the near future.

Discover more about WarSindia on:

Twitter • Discord • YouTube • Telegram Channel • Telegram Group • Instagram • Medium • GitBook

WarSindia takes you to every corner in Sindia and entangles you in the web of love and hate among all tribes. You can expect to find distinctive characters, impressive cinematography, and fair rules. The Crusaders and Revolutionists are ready to die for their faith. No struggle for power can compare with WarSindia.

• Superior gaming experience: The face-off between the Revolutionary Army and the Crusaders awaits your verdict. What is more deserving of the throne: the people’s will or the king’s honor?
• Nonlinear storyline: The open-ended setting means you have full control over how the plot evolves. You are the master in your game. The future of Sindia is in your hands.
• Impressive cinematography: Every frame you’ll encounter during the game has been crafted accordingly to the highest standards.
• First real-time tower defense game: WarSindia is the world’s first sandbox game that is powered by blockchain technology. Here, your land is no longer a JPG concept, but a critical asset where you can build an air fortress and defend it against the enemies.

Discover more about WarSindia on:

Twitter • Discord • YouTube • Telegram Channel • Telegram Group • Instagram • Medium • GitBook

Floating Crystal Attributes

You can choose to join one of the two Armies based on your preference. The choice may not be revoked after selection. If you win the battle, you will win points in the form of floating crystals.

Remember, floating crystals are a critical asset. You can use them to synthesize advanced props, upgrade your skills, and more.

NFT Trading Guide: How NFT Can be Converted into Cash

Once you win floating crystals, you can choose to upgrade your hero or combine your props. The hero upgrade and prop synthesis both contain NFT attributes. This means they are unique and exclusive to their owner. No one can take them away from you. You can choose to sell them on third-party NFT marketplaces anytime to monetize your game assets.

If none of your weapon boxes prove to be satisfying, then you can choose to purchase your desired items, including floating crystals, with cryptocurrencies. Alternatively, other players can also purchase your heroes, props, and points. Everything you own in the game carries real value

Discover more about WarSindia on:

Twitter • Discord • YouTube • Telegram Channel • Telegram Group • Instagram • Medium • GitBook

Unlike traditional games, WarSindia obliterates all traces of unfairness. All the data are kept on the blockchain in a safe and stable manner. Within the game, the tower defense, skins, heroes, and equipment you own belong to you completely. You have full control rights to your game assets and you can sell, transfer, destroy, or hold them as you please. You can even pass them down to your grandchildren in a century.

Just picture it. When your grandson holds up your collection of NFT game products to his friends and declares, “My grandfather won these treasures.” Is this not a touching, proud moment for us all? Whatever assets you own in WarSindia are truly yours. WarSindia is the first piece of the puzzle in the metaverse world. All assets will appreciate with each update of the metaverse. After the presale, the game props will be available for purchase at a higher price.

WarSindia is a new real-time tower defense game developed by an international team of experts. You can expect first-class 3D character design with impeccable sound effects co-mastered by the World of Warcraft studio and the League of Legends music team. Players will get an immersive experience of the epic magical world of Sindia. The game features crisp visuals, unique terrains, elaborate characters designed using skeletal animation, and several combat modes including 1V1, 2V2, and 3V3. More combat modes will be added in the future. With the release of our documentary, players can navigate their own air fortresses to explore the open air, where mythological giant beasts await.

Discover more about WarSindia on:

Twitter • Discord • YouTube • Telegram Channel • Telegram Group • Instagram • Medium • GitBook

WarSindia heralds a new era for entertainment. It offers and promotes an effective solution for virtual asset ownership. Together, WarSindia has ventured into the brave new gaming world. All profits will be invested into the metaverse, where the empowered community can create infinite possibilities from making movies, contributing to the storyline of our NFT novels, producing NFT music, to hosting international eSportsFi tournaments. This is the place for you to turn your imaginations into reality.

WarSindia is the world’s first real-time tower defense game built against the backdrop of the metaverse. By integrating NFT attributes, WarSindia allows you to travel through Medieval Europe and fully immerse in the conflicts among different tribes. You can expect to find distinctive characters, impressive cinematography, and fair rules. Choose your own combination of land, hero, and defense tower for a unique battle fortress! You can expand your arena and battle against air fortresses around the world for prize money. Sindia is poised to usher in the future of real-time tower defense games.

WarSindia is born from the real-time strategy game model. We integrate it with a unique tower defense sandbox game and an independent battling system for endless combinations. You’ll get to experiment with all sorts of tactics and discover that the sky’s the limit. Unlike traditional games, WarSindia is designed with a nonlinear approach, featuring sandbox building + an open world system + skill-based matchmaking!

Players can choose from different races such as humans, elves, lapicentaurs, sphinxes, the Mountain tribe, the Revolutionary Army humans, the walking dead, the Chicken tribe, fishmen, and more. The relationships among the races are deeply interconnected. You can also choose to assume different professions such as being a knight, wandering warrior, bounty hunter, archer, wizard, summoner, and more. You will be able to unlock more professions as you progress through the games.

Discover more about WarSindia on:

Twitter • Discord • YouTube • Telegram Channel • Telegram Group • Instagram • Medium • GitBook