Weekly Update: April 29th- May 5th 2023
The market this week is much the same as the last in regards to the big two. Bitcoin has just touched $30k this week before going down again. However, we are sitting higher at $29.5k. ETH has been trending positive very close to $2k. Meme tokens are having the time of their lives this week with $PEPE breaking over $1B market cap. Many imitators are trying to capitalize as per usual to varying success.
Sphynx Labs has also seen an amazing run this week as well. BSC is holding just under 10M with much daily volume. Sphynx Apex is at an absolutely insane market cap of $45M and climbing. All other pairs are becoming more in line with BSC each day. Chinese marketing has also started this week, and already we are seeing the benefits of reaching the Asian market.
Lonzo has given the community a roadmap of May that includes two CEX listings and the release of the Virtual Sphynx Debit Cards on the 15th.
“May 2023
- Bridge V2 (e.g Swap BNB on BSC to ETH on Ethereum directly)
- Visa card (Virtual & Some Physical) - May 15 Release
- 2 Blockchain Integration
- Hyperpool in Sphynx DeFi App
- 2 Centralized Exchange listings
- New feature added to Sphynx DeFi App to expand our reach.
Depending on market and our situation, the plan is also to add:
- 2x New Pairs
- 2x New Hyperpools”
As a reminder, the virtual debit cards will be available in multiple countries and will have a $5000 limit per card. Users can issue multiple cards right from the Sphynx Labs DeFi App.
The physical cards will follow a few weeks after with the following limits. (KYC required).
Sphynx Physical Visa Card
$150,000 transaction limit
$150,000 load limit
$175,000 spend limit per month
The full list of countries is now live on the Sphynx Labs website: https://sphynxlabs.co/visa-card
In one more bit of stunning news late this Friday, Lonzo also stated he is in talks with another layer-1 blockchain with a celebrity CEO. They are interested in Sphynx being the main way onto the main-net. Expect more news on this as the relationship develops.
As always, thank you to everyone that believes in Sphynx Labs and the team. We will continue to innovate and push to share our vision with the world.
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!
Sphynx Labs Links
Aegis Sphynx Mint: https://thesphynx.co/council/56
Website: https://sphynxlabs.co
Telegram: https://t.me/sphynxlabs
Twitter: https://twitter.com/SphynxLabs
Sphynx Mobile App on Apple App Store: https://apps.apple.com/app/sphynx-defi-app/id1626361848
Sphynx Mobile App on Google Play Store: https://play.google.com/store/apps/details?id=com.sphynx
