Hongkong, china, August 15th, 2024, Chainwire

In a groundbreaking move to address the challenges of equitable asset distribution and decentralization in the cryptocurrency space, Cellula has unveiled its innovative programmable incentive layer built on the Ethereum Virtual Machine (EVM) ecosystem. At the core of Cellula’s innovation is its virtual Proof-of-Work (vPOW) consensus mechanism, which combines principles from Conway’s Game of Life, Variable Rate GDAs Algorithm, and Game Theory to revolutionize the way digital assets are distributed and liquidity is allocated.

The crypto industry has long grappled with the issue of “whales” – a small group of individuals or entities that accumulate a disproportionate share of assets, leading to market manipulation, reduced decentralization, and limited participation opportunities for smaller investors. Additionally, traditional asset distribution methods, such as pre-mining, have further concentrated ownership, undermining the fairness and accessibility of these ecosystems.

“We have grown weary of the war between the witches and the hunters,” said the Cellula team. “Cellula seeks to address these dual challenges by reintroducing the BTC Proof-of-Work mechanism to EVM-compatible networks, pioneering asset distribution and liquidity allocation guidance through virtual Proof of Work (vPOW).”

Cellula’s vPOW mechanism empowers “BitLife” entities with unique hashrates, enabling them to engage in a gamified mining process that generates dynamic incentives. This revolutionary approach is powered by Cellula’s trifecta of innovative algorithms: Conway’s Game of Life for mining, Variable Rate GDAs (VRGDA) for pricing, and the Analysoor protocol for fair distribution and liquidity guidance.

Mining Algorithm – Conway’s Game of Life – Genetic Code Of On-Chain Digital Life: Conway’s Game of Life underpins Cellula’s on-chain entities, “BitLife,” which evolve dynamically, reflecting natural life cycles and enabling complex AI development within the blockchain. This gamified mining process encourages participants to develop more optimal strategies to potentially earn additional block rewards, fostering a competitive environment that ensures only committed resources are rewarded.

Pricing Algorithm – Variable Rate GDAs – A Dynamic Pricing for NFT Distributions: VRGDA adjusts asset prices based on demand, increasing when sales are high and decreasing when they lag, ensuring balanced distribution even in illiquid markets. This dynamic pricing model helps to prevent the concentration of assets in the hands of a few, promoting wider participation and a more equitable distribution.

Consensus Algorithm – Analysoor – Fair Asset Distribution And Liquidity Guidance: Analysoor is a Fair Launch protocol on Solana that uses block hashes for a random number generator to distribute NFTs and tokens fairly. Unlike traditional models, it avoids high GAS fees and bidding wars by offering fixed-cost “block lottery tickets” for participation. Each ticket’s block hash determines winners transparently, preventing bots and ensuring equal opportunities for all users, regardless of financial power. Transaction fees from the lottery are used to inject liquidity into new assets, promoting ecosystem growth. Integrating Analysoor with vPOW also provides fairer asset distribution and better liquidity allocation guidance.

“Cellula’s vPOW mechanism is truly a game-changer,” explained the Cellula team. “By seamlessly integrating these cutting-edge technologies, we have created a programmable incentive layer that is poised to reshape the future of decentralized finance and on-chain participation.”

One of the key features that sets Cellula apart is its permissionless nature. The vPOW mechanism allows any participant (miner) in the network to potentially earn rewards by minting and charging Bitlife, without the need for a central authority to allocate resources. This approach ensures a more open and transparent asset distribution process, fostering greater decentralization and accessibility.

Transparency is also a cornerstone of Cellula’s design. All algorithms and asset distribution processes are recorded on-chain, enabling anyone the ability to verify and review the process, thereby increasing the system’s transparency and credibility.

“Cellula is poised to usher in a new era of on-chain participation and value creation,” said the Cellula team. “By seamlessly integrating these innovative technologies, we are redefining the way assets are distributed and liquidity is allocated, paving the way for a more equitable and decentralized crypto ecosystem.”

With its comprehensive approach to addressing the challenges of asset distribution and decentralization, Cellula is set to revolutionize the way the crypto industry approaches these critical issues. As the project continues to evolve and expand its reach, it remains a beacon of hope for a future where fair and transparent asset distribution is the norm, not the exception.

About Cellula

Cellula is a pioneering programmable incentive layer that revolutionizes asset issuance on the Ethereum Virtual Machine (EVM). Utilizing a novel virtual Proof-of-Work (vPOW) consensus mechanism, Cellula combines the principles of Conway’s Game of Life, Variable Rate GDAs Algorithm, and Game Theory to create evolutionary, intelligent, and programmable on-chain digital entities known as BitLifes.

For more information on Cellula and its groundbreaking programmable incentive layer, users can visit the project’s Gitbook at https://cellulalifegame.gitbook.io/cellula.

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Key takeaways

• Crypto exchange Binance has completed its registration with India’s Financial Intelligence Unit.
• Poodlana’s presale has surpassed $7.7 million as presale approaches its end. 

Binance now registered with India’s FIU

Binance, the leading cryptocurrency exchange by daily trading volume, has completed registration with India’s Financial Intelligence Unit (FIU-IND). This latest development comes months after it was fined $2.2 million for providing services in the country without authorisation.

Thanks to this registration, Binance is now registered in 19 countries globally. With this registration, Binance’s website and app are fully available to users in India. 

What is Poodlana?

The crypto market continues to be choppy as Bitcoin is trading below $60k. Despite the choppy market conditions, investors continue to push funds into new and promising projects. 

Poodlana is one of the projects that is attracting investors. It is a Solana-based meme coin focused on introducing the glamor of high fashion to the crypto world. According to the development, Poodlana could become the leading dog-themed meme coin on the planet as it focuses on promoting the ethos of community-driven growth to reach its goal. 

Poodlana is a popular dog breed breed in Japan, Korea, and China. The development team will leverage this popularity and the love of meme coins to build a strong community for this project.

Poodlana’s presale surpasses $7.7m

The Poodlana presale will end in less than 20 hours, with listing on exchanges expected to happen right after the presale. The project has raised more than $7.7 million so far as more investors troop into the project. 

In this last stage, the POODL token goes for $0.0539. Investors can purchase this token using SOL, BNB, ETH, USDT, USDC, and Fiat/card payment options.

Per the team, Poodlana will not have a lock-up period for their tokens. The POODL presale will end in a few hours and the listing on exchanges will take place immediately after. 

Read more about the Poodlana presale here. 

Poodlana allocates 50% of the total supply to presale

Poodlana has adopted a simple tokenomics model as it seeks total transparency in its operations. According to tokenomics, Poodlana will have 1  billion POODL tokens, with 50% going presale. 

The remaining 50% will be divided among marketing (15%), rewards (5%), partnerships (5%), treasury (10%), and liquidity (15%). 

The Poodlana team assured investors that 100% of tokens will be unlocked on day one, with no lock-ups or vesting periods. Once the presale concludes, the unsold tokens would be burned after the presale, ensuring the deflation of the token. 

Should you buy Poodlana tokens now?

The Poodlana presale is ending in a few hours and this is the last opportunity for investors to purchase the tokens. Meme coins have become a crucial part of the cryptocurrency ecosystem, with several of them having a market cap of $1 billion and above. 

Poodlana could become one of the leading dog-themed meme coins in the crypto ecosystem. The team is leveraging the popularity of the Poodlana dog breed and is building a community that could see it reach the status of Dogecoin and Shiba Inu.