Weekly Update: Aug 26th-Sept 1st, 2022.

As August ends, the bear market looks far from it as BTC drops below 20k. However, as the bleeding continues in the market, Sphynx still is looking strong, with a pump in the Sphynx BSC token surpassing $4 million. But that is not the most incredible thing happening with Sphynx Labs. The project is celebrating its first anniversary since being launched in the month of September.

To celebrate, the team of Sphynx Labs will be doing a massive two-week giveaway campaign of Sphynx 3 million tokens! Every person that properly enters the giveaway will be given a 100 Sphynx Token airdrop straight into the wallet they set up on the Sphynx Wallet App. It is easy to enter, just follow the instructions on the Gleam below.

Gleam form: https://gleam.io/8BjYR/sphynx-labs-3-million-giveaway

Next, CEO Lonzo updated the community on the Bridge Rewards.“As our bridge keeps growing, our fees have been collecting, and it’s time to start giving back. We’ve had many thoughts and redesign, and we have concluded that the best and easiest way to distribute the bridge fees is through a rewards pool for the NFT users.”

To benefit from the bridge benefits, Genesis NFT has to be staked on the ETH side, and the rewards will be in ETH. The pool will open for people to come stake on Tuesday, September 6th, at 8 pm UTC and will be open for 48 hours to make it equitable for everyone. After 48 hours, the awards will begin to be given out based on the bridge costs. The rewards will start being distributed on Thursday, September 8th, at 8 am.

A new update is now available for Android, which includes new assets to the bridge, new NFT pools, app improvements, performance improvements, security updates, and a UI update.

In the past week, the team of Sphynx Labs announced a collaboration with the Future Lounge, Ape Heroes, Crypto Hunters Elite, and Ape Watcher to help grow the brand. These channels post Sphynx updates, have AMAs with us and improve Sphynx’s reputation.

Lastly, Sphynx Labs started to pop up everywhere with the latest marketing post. New billboards across the United States promoted the Mobile App, leading to a big announcement.

There is much more to come with Sphynx. 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!