Weekly Update: July 22–28, 2022
What a special month July was for the Sphynx Labs community, and it was one that they will not forget. It began with the release of the Sphynx Mobile and Wallet, the announcement of the $50 million venture capital deal with GEM Digital Limited, the opening of the CRO-BSC, ETH-BSC, and BSC-BRC Bridges, more staking pools across the three chains and more projects launching on the Sphynxpad. But the excitement did not stop there as the month’s final week saw more news and utilities dropped by the team of Sphynx Labs.
We have partnered with Combat Sports New Zealand to make Sphynx Labs the primary sponsor of the mixed martial arts competition Art of War on Friday, July 29, 2022. The media production and broadcasting organization Combat Sports Network NZ features athletes and events from throughout Aotearoa. The Art of War event offers something fresh and distinctive to MMA fans.
The ETH/BNB Farming Pool, where users can earn Sphynx BSC became available. Through the Sphynx Bridge, users will be able to exchange their BNB for ETH using this feature (Swapping BNB for ETH BEP20 and bridge the ETH BEP20 for ETH ERC20)
The Scion CRO NFT + $SPHYNX CRO Staking Pool went live, where investors can stake their NFTs and tokens to earn Native CRO.
Investors also now stake their $SPHYNX BSC to earn BNB.
Our Total Value Locked (TVL) across the three networks has hit an all-time high, crossing over $7.5 million with more pools coming to the platform.
Lastly, We also saw another huge achievement by witnessing that almost 60% of the $SPHYNX BSC tokens are in the Manual, 3 Day Auto-Lock, 60 Day Auto-Lock, 180 Day Auto-Lock, and the NFT + Sphynx Staking pools. With the many news releases, marketing push, and rise in the price, many investors are earning passive income and loading up for the long haul.
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!
