Sphynx Labs Weekly Update: May 21–27, 2022

Sphynx Labs was proud to witness their first Sphynx Labs Hub project launching on the SphynxPad. Whale Maker Fund filled their presale in under one hour on the Brise Network with great anticipation. The launch of Whale Maker Fund was also a great success, continuing to hit new all-time highs and on its way to hitting the $1 million market cap. The example of the Whale Maker Fund will greatly help projects needing assistance to launch their concepts, and soon, more and more projects will be launching on the Sphynx using the Sphynx Labs Hub.

The Scion Sphynx NFTs will be available on the Cronos (CRO) and Bitgert (BRISE) blockchains. There will only be 2,083 Scion Sphynxes available to mint. As a result, the Scion Sphynx supply on the BNB network will be capped at 2,083. The CRO and BSC Scions will have the same utility as the BSC, where they will act as an ‘access pass’ to the Whitelist for all Tier 2 IDOs for holding 1 and any Premier IDOs for holding 2 or more conducted on both chains. Holders will also be able to stake their NFTs to obtain Sphynx BRISE and Sphynx CRO. On each chain, 75,000 Sphynx will be released every day. The claimable reward for each holder will be computed by dividing the number of staked NFTs by the total number of NFTs staked in the pool.

Lastly, there was one new staking pool and project launching on the SphynxPad on BSC and one new farming and farming pool on BRC with three new projects launching.

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!

thesphynx.co