DAI tops it off as the strongest stablecoin to date despite Terra’s plunge. USDT and UST may have plummeted – but not DAI. It’s been a brutal two weeks in the crypto space especially with the devastating collapse of Terra’s stablecoin UST, which is currently trading at a little below 6 cents. Suggested Reading | […]
CKarma is a recently launched NFT-based play-and-earn game that enables players to collect NFTs, utilize them in battle, and even trade them for money. To participate, players first need to purchase an NFT card on CKarma’s virtual platform. Each NFT presents a mutant animal, which the gamer uses to battle in the land of Zaios. […]
Brands and creators keep close tabs on NFTs, an industry that has grown to over $17 billion in 2021. Entering this industry vertical remains tricky and time-consuming, although Niftables may offer a solution. Letting creators build their own white-label platforms and highlighting them through an interconnect NFT marketplace can facilitate future growth. Elevating The NFT […]
Avatars could play a significant role in bringing about a semblance of sanity and aid in a country besieged by chaos. Bloodbath and apathy in a time of conflict could mean long-lasting misery and poverty. However, it is in these darkest hours that reveal the extraordinary heroes in ordinary people. Top video game artists, celebrities, […]
On the 6th of May, Polkadot’s most recent auction round came to an end, generating over $13.8 million and bringing a new platform to the system. The winner of this auction, Polkadex, put up 973,324 DOTs across over 6000 community member donations, demonstrating the incredible community push that was behind this win. Polkadot is an interoperable blockchain ecosystem that offers high levels of security, user-driven governance, high energy efficiency, and is readily built for rapid scalability. Part of this scalability comes through its interoperable parachains, with many different blockchain systems linking into the central chain. By winning the most recent parachain slot auction, Polkadex has become the 16th chain to become embedded into Polkadot. Polkadex is built on substrate, providing a user-friendly decentralized order-book exchange where users can participate in high-frequency trading and other DeFi functions. The COO of Polkadex, Deepansh Singh, comments on their parachain win, suggesting that “Thanks to the Polkadex parachain, we will be able to bridge assets with the Dotsama ecosystem and now users will be able to trade Polkadot ecosystem tokens from across the whole spectrum of parachians,” signaling the core interoperability that Polkadot offers. Equally, he continued by marking this as a monumental event for the ecosystem itself, “This is a first for Polkadot and a first for DeFi as a whole,” seeing the potential for the expansion of both Polkadot and Polkadex with their parachain win. As Polkadex can now interact with all of the other blockchain assets within this ecosystem, the versatility of application of their platform has been radically increased. Campaign Strategy This round of crowdloan saw Polkadex become the very first parachain auction to surpass it’s 90% target cap of $1 million USD, making this the largest in Batch 3. Part of what made this campaign so effective was Polkadex’s rallying within their own community, providing many benefits to users that decided to get involved with the funding opportunity. Polkadex created an auction cap of 1 million DOT tokens, but offered 2 million PDEX tokens (which is 10% of the total supply). Due to the ratio they created, there was a 2:1 opportunity, with users being able to get at least 2 PDEX tokens for every single DOT token that they added to the campaign effort. Considering the vast utility of PDEX, allowing users to get discounts on any Polkadex transitions made, lowering trading fees, providing governance voting, and even offering staking opportunities, it’s no wonder that the community flocked to this fantastic crowdloan structure. Alongside token allocation, Polkadex offered the top 1,000 crowdloan participants the opportunity to get a utility-based NFT, which provides even further discounted fees on all of their Polkadex orderbook transactions once it has launched. These rewards were also distributed through several DeFi platforms that Polkadex partnered with during the event. Large-scale exchanges like Kraken and KuCoin were all involved, being equally balanced by decentralized platforms like Equilibrium and Parallel Finance, allowing the community to get involved through whichever financial system they prefer. Commenting on the fantastic community effort, the head of marketing at Polkadex, Dagmara Handzlik, stated that they are “extremely proud of the way the Polkadex community led the charge during the crowdloan campaign.” Following this, she stated that, “Polkadex is proof of how important a strong community is to the overall success of a project, and we could not be more excited to deliver the products we have been building with the eager support of Polkadexers.” By winning this campaign and obtaining a parachain slot, Polkadex is one step closer to becoming the central trading engine for Web3 and DeFi as a whole, with the Polkadot ecosystem now set to benefit from this comprehensive, cutting-edge crypto trading solution.
The NFT market grew exponentially last year, with more investors purchasing digital art. This trend may continue, with a plethora of exciting NFTs increasing in […]
With the price of bitcoin still trading below $40,000, institutional inflows into the digital asset have slowed significantly. This has now flowed into other digital assets in the space. But what is most significant is the outflow rate which has neared one-year lows. Bitcoin Outflows Grows For the past couple of weeks, the rate at which institutional investors have been pulling money out of bitcoin has been on an accelerated timeline. This is what has culminated in the outflows that were recorded for the digital asset last week. In the space of a week alone, bitcoin had seen the majority of outflows from the market, which had come out to $120 million for the past week. These outflows had put it dangerously close to its one-year outflow record that was set back in June 2021, at $133 million leaving the digital asset. Related Reading | ADA On Discount? Cardano Whales Go On $200M Shopping Spree It was not the only asset to suffer outflows for the week though. Blockchain equities that had mainly been resistant to the outflow trend had finally succumbed. It had seen a total of $27 million left as negative sentiment continues to grow among institutional investors. Ethereum also continued the outflow trend. A total of $25 million had left the digital asset, bringing its year-to-date outflows to $194 million. BTC trending at $38,000 | Source: BTCUSD on TradingView.com This marks the 4th consecutive week of outflows in the market. It now sits at a total of $339 million that has left the market in this 4-week period. It also reflects a generally bearish sentiment that is being felt across the market as the Fear & Greed Index had dived into the extreme fear territory. Despite this overwhelming negative sentiment, not every digital asset in the space had suffered the same fate. FTX Token came out as the unlikely winner of the week by bringing in the largest inflows. The digital asset spearheaded the inflow trend with a total of $38 million moving into the asset last week. Related Reading | Experts Say Ethereum Will Grow 100% To Hit $5,783 By Year-End Other large altcoins mainly followed this trend through with big players such as Terra and Fantom. Although these digital assets had not done nearly as well as FTX Token but had seen inflows regardless. It had come out to $0.39 million and $0.25 million recorded respectively for both. Bitcoin still remains an investor favorite despite the inflows though. It continues to hold steady at the $36,000 to $38,000 support level. Its price had briefly recovered above $39,000 in the early hours of Wednesday before declining to be trading at $38,935 at the time of this writing. Featured image from MARCA, chart from TradingView.com
OneSwap, a decentralized trading platform, will launch a new feature called Prediction on April 29, 2022, and BTC/USDT will be the first prediction market where users can win prizes by betting on the price trend of BTC/USDT. Prediction comes with an initial prize pool of as much as 1 million CET. Meanwhile, OneSwap will also launch the “Win Rate Ranking Reward Game” that will allow users to receive double rewards. Predict to Earn: How Prediction Works Log in to OneSwap (https://www.oneswap.net/cet/prediction), and select CSC; Connect to MetaMask, OneSwap Wallet, or a wallet that supports WalletConnect; Go to Prediction, pick an available module, and click on “Going Up” or “Going Down” to place a bet; Enter the CET amount of the bet (range: 10 CET – 10,000 CET per round per address), and click on Submit. After a bet is submitted, it could no longer be modified or canceled. Once a bet has been submitted, the user needs to wait for the current round to end. If a user bet on the right price trend, he will get back his bet and earn prizes (note: users may withdraw their prizes for multiple rounds cumulatively, and prizes will remain valid indefinitely); if he bet on the wrong price trend (i.e. he bet on the opposite direction or the Locked Price equals the Settlement Price), then the bet will be transferred to the prize pool. Here, we will illustrate how prizes are distributed via two examples: Let us suppose the transaction fee stands at 5%, and the initial prize pool contains 1,000,000 CET. The first round: Of the two participants, one bet 10,000 CET and won; the other bet 5,000 CET and lost. Winner: Initial Bet + Prize (with the transaction fee subtracted) =10,000+10,000×0.95 = 19,500 (CET); Loser: 0; After the first round, the prize pool now contains 1,000,000-9,500+5,000 = 995,500 (CET). Suppose the transaction fee remains at 5%, and the initial prize pool now contains 995,500 CET. The second round: Among the 201 participants, 200 bet 10,000 CET each and all won, and one participant bet 5,000 CET and lost. In this case, since there is not enough CET in the prize pool for all the 200 winners (9,500 CET per winner), the winning users will share all CET in the prize pool, with the transaction fee subtracted, according to the betting ratio. Winners: Initial Bet + Prize (the prize pool shared by the betting ratio, with the transaction fee subtracted) = 10,000+995,500*0.95/200=14,728.625 (CET)； Loser: 0; After the second round, the prize pool now contains 995,500*0.05+5,000=54,775 (CET) Exceptions: If all CET prizes in the prize pool are won, the game will be suspended, and the administrator will start the game after replenishing CET. When the price feeding mechanism of Prediction is suspended (crypto prices are unavailable at the end of a round), the prediction contracts would not be able to run any operations, and the game will be suspended. In such cases, the bet of participants in the current round will be returned at the end of the round. Specific Guides: https://support.oneswap.net/hc/en-us Become Top Winners & Win Incredible Rewards In addition to Prediction, OneSwap will introduce the Win Rate Ranking Reward Game at the same time. Users can sign up for the event before 9:00 AM, May 6 (UTC), and the top 3 winners who have placed no less than 50 bets will receive 1,000 CET, 600 CET, and 400 CET, respectively. The winning records of all users who have made a bet via Prediction will be covered by the Win Rate Ranking. Meanwhile, users may keep track of their Winning Rate by checking their bets and winning records through “Analysis” in “History”. Breaking the High DEX Threshold: OneSwap Launches “Predict to Earn” Over the recent years, CEXes and DEXes have always remained rivals. Though DEXes have made exchanges more secure, they come with more complicated operations and are less user-friendly compared with CEXes, which has scared away many potential users. In terms of product design, Prediction reflects the idea of “simplicity”. By gamifying this new feature, OneSwap allows most users to participate in Prediction with ease, which lowers the bar of the DEX and makes it more user-friendly. Moreover, relying on their market insights, users will be able to profit from market swings via Prediction ahead of others. Right now, DEXes are no longer confined to trading. Instead, they are shifting towards greater efficiency and established ecosystems. As a DEX, OneSwap strives to become more innovative, optimized, efficient, and secure. The launch of Prediction will create a new earning model: Predict to Earn, bring more diversity to the DEX ecosystem, and provide more satisfying DeFi experiences for users. Through innovation, OneSwap has pointed out a new direction for the development of DEX ecosystems, and Predict to Earn is likely to start another crypto boom.
At Bitcoin 2022, Constitutional lawyer Neal Katyal argued that Bitcoiners should be open to some regulation to ultimately protect the technology.
Ethereum is about to go through its biggest change since its inception in 2015. Just like Bitcoin, Ethereum uses a mechanism known as Proof of Work (PoW) to validate its blocks. In this system…
.Non-fungible tokens (NFTs) have become one of the most sought after decentralised assets. Investors can trade these digital collectibles that represent an event, moment or […]
Get ready to be part of the neo-punk city of Los Machines and crush your enemies with your steel fists in the NFT-game “Drunk Robots” on April 7th on Liquidifty, GameFi, and TrustPad. IDO “Drunk Robots” will launch in a few days at three platforms at once. It won’t be long before you enter the futuristic neo-punk world of Los Machines, a futuristic city overrun by drunken robots looking to hoard metal. This is fun, high-octane brawler should shake up the Play-to-Earn market, and now you have a chance to get some $METAL tokens and throw your hat into the ring along with amazing and famous project investors such as Animoca Brands, Merit Circle, Gate.io, Zb.com and founder 1Inch! Now let’s find out the terms of participating in IDO of “Drunk Robots” on GameFi, TrustPad and Liquidifty platforms: On the GameFi: Minimum Investment in Launchpad tokens to get an access to IDO Lottery: $889 Minimum Investment in Launchpad tokens to get an access for Guaranteed allocation: $133,350 Total number of METAL allocated: 15,000,000 KYC: Required How to participate On the TrustPad: Minimum Investment in Launchpad tokens to get an access to Lottery: $1590 Minimum Investment in Launchpad tokens to get an access for Guaranteed allocation: $7950 Total number of METAL allocated: 5,000,000 KYC: No How to participate On the Liquidifty: Minimum Investment in Launchpad tokens to get an access to IDO: $600 Minimum Investment in Launchpad tokens to get a guaranteed allocation: $2000 Total number of METAL allocated: 5,000,000 KYC: No How to participate To compare the potential of “Drunk Robots”, let’s look at the initial price of tokens and further growth in the capitalization of other projects. For example, the Bombcrypto project token was originally $0.60, but eventually grew 60!!! times and reached a market capitalization of $11,730,000! Or another example of Mobox, which started out at $29 but ended up growing by 2900! Now the capitalization of the Mobox token has reached $566,950,000. And there is every chance that IDO “Drunk Robots” will be just as successful. Other examples of the space growth of projects similar to Drunk Robots can be seen in the table. The maximum allocation that you can get on platforms is not big enough for that incredible project. “Drunk Robots” have already partnered with Animoca, and this is a clear signal that the project can raise at least 30x! Before that, NFT-collection of “Rebel Bots” also partnered with Animoca and after the announcement, their token rose from $0.2 to $2! “Drunk Robots” has even more potential for growth through collaborations with Animoca, Polygon ZB.com and Binance Smart Chain. And the Liquidifty platform offers some kind of a “life hack” for users on how to participate in the IDO “Drunk Robots” with a larger amount and to get cosmic profit later. On the Liquidifty platform, you have the opportunity to buy one of the three passes to receive an allocation: Gas, Liquid and Solid passes. This feature is available only for platform users and it gets the pass to all IDOs on Liquidifty. Given the current number of users and passes, each Solid Pass holder participating in IDO will guarantee to receive a $5,000 allocation! This is a hundred times more than on other platforms and without additional requirements, such as contests or lotteries. It’s a great opportunity to increase allocation and get additional perks like valuable NFTs and access to all Liquidifty IDOs. The “Drunk Robots” IDO is just a few days away, so don’t waste your time and buy Liquidifty passes to be able to get more allocation on the launching IDO. In addition, Liquidifty conducts new events, drops, and contests related to the passes. Last week they did a raffle for solid pass holders with a transparent system from the beginning of the draw to the selection of the winner and the transfer of the prize amount. And the winner got $2000 in my eyes! They make a lot of events and announce them on their telegram channel. Public round allocation: 25,000,000 $METAL IDO and Listing price: $0.01 FDV on Listing: $27.5M TGE MarketCap with liquidity provided: 18,750.000 $METAL/$187,500 TGE MarketCap without liquidity: 5,000,000 $METAL/ $50,000 Vesting schedule for public round: 10% TGE, 15% monthly
The U.S. Securities and Exchange Commission (SEC) could expand its definition of exchange directly impacting Bitcoin, cryptocurrencies, and decentralized finances (DeFi). Related Reading | Crypto Companies Report Excess Request From SEC, U.S. Congressman Questions Why Per a report from Bloomberg’s ETF experts James Seyffart and Eric Balchunas, BTC spot ETF proponents will be the biggest […]
The cryptocurrency market is more or less flat today, after several days of growth. However, its total cap, at $2.24 trillion, has risen by around […]
It was the slap heard and seen around the world. For the last couple of years, the Academy Awards have left fans perplexed and dismayed – either by announcing the wrong film as the winner or by being just plain monotonous. And this year is proving to be yet another mind-boggling mess. In an unusual […]