Sphynx Labs Weekly Update: June 11th-17th, 2022

This week in crypto has brought about what some call an official bear market. The market leader Bitcoin and other tokens are down substantially due to a global recession and general fear and uncertainty.

Sphynx Labs is, of course, a part of that same market. However, excitement for the Sphynx Labs mobile app has brought much volume to the BSC side of Sphynx. Sphynx BSC is now over a 2x from just last week. The app has been long-awaited, and the launch is drawing near. Users will soon have a game-changing way to trade crypto that makes the process easy for everyone from veterans to complete beginners.

Sphynx also hit the top gainers list on Coin Gecko this week organically from the Sphynx BSC doing so well. This has brought more investors to the project at the perfect time before the mobile application launch. This is only the start of what is to come in the following weeks for Sphynx Labs.

The market did have some effect on the expected release of the new NFTs. The Scion CRO NFT launch is now being postponed until there is some sense of a market recovery for the betterment of the investors. Everything is ready, and marketing will begin when the team feels the time is right.

Sphynx Labs is also focusing on reaching out to projects to offer them a safe place to launch and add utility to their tokens with farming and staking pools. In addition, more energy is being put into the Sphynx Labs Hub project incubator to give other projects the tools they need to build a successful project so they can be ready for a better market.

Lastly, Sphynx Labs is starting more grassroots marketing outside the normal Telegram and Discord circles by looking towards social media like Facebook to bring new investors and get the Sphynx brand in front of those who would otherwise not see it. In addition to grassroots marketing, more traditional marketing will occur once the application launches.

Stay tuned for Sphynx’s Weekly Updates posted every Friday or be informed on the Sphynx Telegram, Twitter, and Instagram pages.

Thank you for reading, and have a great week!