Squid Finance: An Overview of the Multi-Chain Investment Project

Press Release • November 24, 2021

Squid Finance represents a multi-chain protocol that seeks to build a community of investors. The network is working on bridging several gaps by designing a suite of financial products for its users. Part of the platform's goal is to use blockchain technology in linking the traditional financial model to a decentralized structure.

What's more, Squid Finance adopts the e-commerce concept in its operations to make crypto investment processes simpler. As a result, the platform can build up the interest in cryptocurrencies to aid users worldwide.

What's in Store?

Squid Finance introduces several unique features to its investors. They include:

A Comet Fund

Squid Finance plans on rewarding its investors using the Comet Fund mechanism. The fund works as a multilayer pooled equity fund which converts the platform's transaction volume into investor gains. As such, Squid Finance accomplishes the fund idea through static rewards and direct reinvestment strategies.

In the Comet Fund, Squid will take part in progressively buying digital assets. Buying these assets is going to consider factors such as the market status and several technical analysis. Hence, investors can gain access to different coins such as Bitcoin, Ethereum, Solana, Matic, Cardano, and BNB.

Once the crypto assets' values increase, a small percentage of their gains goes into reinvestments. Squid Finance then turns the remaining portions into stablecoins pegged to SQUID token. That way, the protocol can also invest with the same stablecoins when the assets' prices fall.

Out of the six digital assets, Squid Finance is allocating a large portion of its investment on BNB. BNB' investment share equals 30% of the whole portfolio, while Bitcoin, Ethereum, and Cardano take up 30%, 20%, and 10% of the investment plan.

The remaining 13% works on providing investment support to new DeFi projects. It means that SQUID token holders can realize more investment gains from different layers of assets.

Risk Management and Fund Expansion Strategies

Squid Finance uses a unique risk management strategy to generate adequate returns. The protocol plans on spreading tokens from the Comet Fund into a combination of low and medium risk pools. At the same time, comet fund tokens may also feature in high-risk pools, which provide higher rewards.

Using this strategy allows the protocol to minimize its portfolio risks and increase the overall APY. As time goes by, Squid will adjust its pools depending on their yield performance.

Such a model enables the protocol to maximize profits with the best low/medium/high-risk pools available.

Furthermore, Squid Finance may increase its pool list to secure large returns for investors. In some cases, yield farming can produce smaller rewards or bring losses to users. Through Squidvest's technical analysis, investors can receive stable returns with lower chances of volatility.

Squid Cards

Squid token cards operate as the platform's fiat on ramping system, which takes an e-commerce approach. The cards are available in physical and digital formats with a USD representation.

Here, investors can buy SQUID tokens by scanning the card's QR code. The platform uses an e-commerce route that allows investors to add their cards into the cart and checkout. Thereafter, Squid Finance stores the tokens in the Squidvault, giving users the chance to redeem them to a specific wallet.

Another type of card available in Squid's ecosystem is the Tiered Holder Reward Card. Tiered holders acquire membership benefits like free Spotify and Netflix subscriptions for holding a certain amount of SQUID. Sign-up bonuses on ByBit, Binance, and Bitmart are other benefits that may emerge in the coming days. Tiered hodlers could also receive discounts on any transaction fees. In the future, Squid cards will begin using other currency denominations asides from the current USD.

Squidverse NFT and Marketplace

The Squidverse NFT serves as a network where users can buy various merchandise such as the SQUID token cards. Once investors purchase NFTs on Squidverse, the platform sends the items to their preferable wallets. On top of that, Squid supports the shipping of investors' NFT cards to their addresses.

The NFT cards are available in two formats: virtual (rNFT) or physical (pNFT). pNFTs contain the highest rarity performance, while those found in secure vaults hold a higher value. Thus, it generates more returns for collectors and NFT traders in the network. Every pNFT comes with a distinct (SCode) built on the card. The code is responsible for codifying the fiat trade ID and the initial transaction minting (qCode).

Online validators are available to confirm the investors' SCode. Original card buyers later receive the NFT's qCode. Investors can send their NFT cards to another wallet after receiving a validated SCode. At this point, the card is transferable through the qNFT format (an intangible NFT).

Multi-Chain Feature

Squid Finance is working on using multiple blockchain networks in the crypto space. The platform intends to launch on Polygon, Binance Smart Chain, and Ethereum. That way, SQUID tokens can gain more exposure to different types of networks.

Tokenomics

The protocol's native digital token is known as SQUID. It is a BEP-20 token that powers most of the activities taking place in Squid Finance. SQUID has a fixed supply of 5B tokens, out of which 3B are in the circulating supply. LP Locks and the Comet Fund both take up 500M tokens, while the rest goes to exchange token locks.

There is a 3% transaction burning procedure that reduces the number of tokens in supply. Burning ensures that SQUID remains scarce and valuable in the long run. Squid Finance applies a 7% tax whereby 2% contributes to the Comet Fund while 1% caters to SQUID holders. The protocol hopes to involve the community in determining which exchanges can trade SQUID tokens.

What Lies Ahead?

Squid Finance intends to accomplish several goals in the future. The platform is currently in its second development stage, which may host a presale crowdfunding on DxSale. TrustWallet and CoinGecko applications are also part of the development phase. The first introduction to holder rewards on Netflix, Spotify, and Crunchyroll is also set to occur before Q1 of 2022 ends.

Squid Swap development, exchange collaborations, social media advertisements, and Squid hardware wallets are other activities set to take place in 2022. Within three years, the protocol believes that it may develop a crypto space ticketing system. More importantly, it hopes to expand its blockchain options further by launching the Squid Coin Blockchain. For more information and updates, visit Squid Finance on:

Twitter: https://twitter.com/squid_finance

Telegram: https://t.me/squid_finance

Discord: https://discord.gg/USFhEy24E8

< Older Post Newer Post >

Mail

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.

SX Bet Bets Big on Berachain: Bringing Web3 Sports Betting to Bera

By Press Release • May 29, 2025

SX Bet has officially launched on Berachain, marking the next milestone in its cross-chain expansion strategy. With over 2 million bets placed, $675 million wagered, and 93% year-over-year growth in volume, SX Bet is reshaping the future of sports betting — and Berachain is the next big stage. SX Bet’s Berachain launch comes with a unique incentive structure designed to reward bettors for their activity. Users can now place bets using the native $HONEY stablecoin and earn $SXBRT, a receipt token that can be staked to the SX Vault on BeraHub to generate weekly yields in $BGT, Berachain’s governance token. The more you win, the more you earn. SX Bet will be hosting a summer Berachain betting tournament with a 69,420 bet credit prize pool from May 31 - July 14th and airdropping bet credits to top Berachain communities. But the Berachain deployment is not just about incentives. It’s about creating a scalable global liquidity hub for bettors and builders alike. Builders can leverage SX liquidity to launch their own custom betting frontends and experiences. “SX Bet isn’t just a single dApp — it’s a betting protocol anyone can build on. With this Berachain launch, we’re not just growing SX, we’re growing the entire Web3 betting ecosystem,” said Andrew Young, SX Bet Project Lead. The cross-chain architecture enables shared liquidity across multiple blockchains, allowing users to place bets on their preferred chain without sacrificing odds or depth. Already the top sports betting dApp by volume on Arbitrum, SX Bet has achieved sustained growth without relying on ongoing incentives — proving that sharp odds, fast UX, and a product-first approach win. Bettors choose SX for its peer-to-peer, non-custodial, on-chain model — a platform with the best odds, deepest liquidity, and a clear message: winners are welcome. SX Bet is setting the standard for scalable sports betting infrastructure in Web3. For bettors: more rewards, deeper liquidity, and better odds. For builders: a plug-and-play liquidity engine to leverage and build upon. For chains: a sticky, high-volume dApp proven to drive user growth and retention. Start betting and earning on Berachain today: bera.bet About SX Bet: SX Bet is the fastest-growing on-chain betting exchange—built for the future of sports and crypto. All bets are peer-to-peer, the platform is non-custodial, and all bets are on-chain —offering a secure, trustless, and transparent betting experience. Built on the SX Network and now live on Arbitrum and Berachain, SX Bet is cementing its position as the global liquidity hub for sports betting. Learn more at sx.bet . SX bet is not available in the United States or other restricted regions. Media contact: business@sx.bet

Europe uses blockchain: launches free cloud mining settlement service for Bitcoin, Dogecoin, and Litecoin

By press release • May 28, 2025

As the global cryptocurrency industry matures, Europe is accelerating its move towards a new economic model dominated by blockchain. Recently, a multi-national European technology alliance jointly announced that it will officially launch a blockchain-based ultra-large-scale cloud mining settlement service, aiming to open up the entire process of cloud mining resources, transparent income distribution and cross-border contract settlement. This revolutionary system will be technically supported by the leading encryption technology platform BlockchainCloudMining , marking the deep integration of decentralized finance (DeFi) and high-performance computing power infrastructure. The entire system is built on blockchain smart contracts. Every income distribution and the operating status of each device can be recorded on the chain in real time. Users only need to log in to the platform to view daily computing power income, contract progress and mining asset settlement status. The platform promises "zero delay and zero black box". All settlements will rely entirely on on-chain verification to eliminate the risk of human manipulation. How to use blockchain cloud computing power to easily earn daily income? Step 1: Register an account Registering as a Blockchain Cloud Mining user will receive a $12 bonus, which can be used to purchase a $12 contract, with a daily income of $0.6. This plan provides new users with a free experience of cloud mining without any financial risk. Step 2: Choose Blockchain Cloud Mining Contract In addition to the $12 contract, there are multiple contracts that can be purchased at the same time. Each contract has a fixed income, and you can get more income after purchasing. As follows: ⦁ [New User Experience Contract]: Investment amount: $100, contract period 2 days, potential total income: $100 + $6. ⦁ [WhatsMiner M66S]: Investment amount: $500, contract period 7 days, potential total income: $500 + $40.25. ⦁ [WhatsMiner M60]: Investment amount: $1000, contract period 14 days, potential total income: $1000 + $168. ⦁ [Bitcoin Miner S21 XP Imm]: Investment amount: $5000, contract period 32 days, potential total income: $5000 + $2048. ⦁【ALPH Miner AL1】: Investment amount: $10,000, contract period 45 days, potential total income: $10,000 + $6,075. (The platform has launched a variety of stable income contracts, for more contract details, please log in to the official website Blockchaincloudmining.com BlockchaincloudMining advantages and features: Registration bonus: Register and get a $12 bonus immediately. No additional fees: transparent pricing, no hidden service fees or management fees. Cryptocurrency support: Provides trading of multiple cryptocurrencies such as USDT-TRC20, USDT-ERC20, BTC, ETH, LTC, USDC, BCH, SOL, DOGE, XRP, etc. Referral program: Earn up to $50,000 through the affiliate program by referring new users. Support and uptime: 100% Uptime commitment, 24/7 customer support and real-time settlement of earnings Conclusion: Blockchain + European regulation, reshaping the future of cloud mining The core value of "decentralization" is taking root in Europe, and BlockchainCloudMining is standing at the starting point of this new era. With Europe's advantages in policy support, data compliance, and energy structure, coupled with its own years of platform experience and technical accumulation, BlockchainCloudMining will lead the global cloud mining from "barbaric development" to "institutional drive", and start a truly future-oriented blockchain computing power revolution. If you are also optimistic about the future of digital assets such as Bitcoin and DOGE, and are looking for a new investment method with low threshold, high transparency, and automatic income, then now is the best time to join BlockchainCloudMining. Click with your fingertips and hold the key to the next digital wealth cycle. For more information about BlockchainCloudMining, please visit the official website: blockchaincloudmining.com or contact the company email: info@blockchaincloudmining

VEEPEEN Launches with Viral Momentum, Crosses 3,000 Holders Amid VEEPEEN Meme Surge

By press release • May 28, 2025

The crypto world has a new viral disruptor: $VPN, a memecoin with a name that turns heads and a strategy that turns momentum into community. Unlike traditional VPNs (“Virtual Private Networks”), this VPN stands for Vagina Penis Network. The result is a meme-powered project that blends internet culture, social irreverence, and ironic utility into one fast-growing token. Now crossing 3,000 holders and expanding rapidly, $VPN captures the chaotic spirit of the internet. The team is openly tapping into the most viral meta of 2025: anatomy meets anonymity. This alignment has sparked a wave of “VEEPEEN” memes that now fuel much of the project’s viral energy. A Meme That Understands the Internet At its core, $VPN is a double entendre. It hijacks the acronym most associated with encrypted browsing and redefines it through the lens of raw, meme-ready branding. It is this intentional contrast (between data protection and digital depravity) that has made $VPN impossible to ignore. $VPN stands out for its cultural awareness and total commitment to internet-native humor. Gaining Traction and Market Attention Despite its absurd premise, $VPN is showing real momentum. Backed by high-engagement KOLs and degen communities, the token has evolved from a joke into a serious contender. Early buyers are aligning not just with a token but with a brand that openly challenges crypto’s tendency toward sameness. With viral growth, mounting attention, and talk of future listings, there’s a lot of hype around VPN. In fact, people in the space now cite $VPN as a potential $100 million market cap breakout. Built for the Post-Ironic Web3 Era The project’s tagline (“The only protection you need”) sums up its self-aware design. While traditional VPNs offer encrypted access and privacy, this $VPN offers something more abstract: a mirror to how crypto, memes, and culture collide in 2025. The VPN team is working to go beyond the mere memecoin definition. In fact, this project is more of a commentary wrapped in community. The idea is powered by people who understand that the internet rewards contradiction and commits to the bit. About VPN VPN (Vagina Penis Network) is a community-driven memecoin launched as a provocative fusion of privacy culture and viral internet branding. By reinterpreting the acronym VPN, the project builds its identity on contrast, chaos, and cultural resonance. With over 3,000 holders and rapid growth, $VPN has positioned itself as a standout token in the Web3 memecoin space. It is not a protocol; it is a performance. A decentralized brand for those who understand the power of memes, meta, and momentum. The project’s meme culture continues to expand across platforms, driven in part by the growing popularity of the “VEEPEEN” meme trend. Anyone curious to learn more about this project can check out the founder's official announcement and VPN's DexScreener page below. Website | X (Twitter) Official Announcement | $VPN on DexScreener

AGFI Token to Launch on Bitbulls Exchange on 2nd June, 2025 at 09:30 AM UTC

By Press Release • May 26, 2025

Agrifi, a trailblazer in blockchain-powered agricultural solutions, is proud to announce the official listing of its native utility token, AGFI, on Bitbulls Exchange. Trading will commence on 2nd June, 2025, at 09:30 AM UTC , with the trading pair AGFI/USDT. Deposits and withdrawals will also be enabled at the same time. This significant milestone brings AGFI to a broader global audience, giving users the opportunity to participate in a revolutionary ecosystem where blockchain, AI, and IoT converge to power smart agriculture. AGFI: Powering the Future of Agriculture AGFI is more than just a token—it’s the fuel behind the Agrifi platform, which empowers farmers, agri-businesses, and consumers with transparency, automation, and real-time data across the agricultural value chain. From farm to fork, every transaction and data point is immutably recorded on-chain. With AGFI, users can: Access premium AgriFi platform features Participate in blockchain-verified supply chains Stake tokens for rewards and ecosystem governance Facilitate secure, transparent agri-financial transactions Why Bitbulls Exchange? Known for its robust security, advanced trading tools, and user-centric design, Bitbulls Exchange is the ideal platform for AGFI’s trading debut. Bitbulls adheres to global compliance standards, ensuring a safe, intuitive, and scalable trading experience for new and seasoned investors alike. “The listing of AGFI on Bitbulls is a defining moment for the Agrifi ecosystem,” said an Agrifi spokesperson. “It opens doors for global participation in a token economy that’s transforming agriculture as we know it.” “We are thrilled to host AGFI’s listing,” added the Bitbulls Exchange team. “It represents the kind of real-world use case that blockchain needs to scale mainstream adoption.” Launch Details: Token Symbol: AGFI Trading Pair: AGFI/USDT Launch Date: 2nd June , 2025 Launch Time: 09:30 AM UTC Exchange: Bitbulls Exchange Stay Connected: Facebook: https://www.facebook.com/agrifiofficial Instagram: https://www.instagram.com/agrifi_official/ Twitter: https://x.com/Agrifi_official Telegram: https://t.me/bitbulls_exchange Website: agrifi.tech | https://bitbulls.exchange/