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Decred was reportedly formed in 2013 with a focus on protecting cryptocurrency mining and minting from further centralization. For this reason, Decred uses a combination of proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanisms in order to support and secure its blockchain network. The group behind Decred started in the online Bitcointalk community and supposedly began discussing ideas for a new altcoin that would address some of the issues in crypto at the time. Among those issues was the heavy centralization of blockchain mining and minting protocols. The group reportedly began writing a whitepaper very soon after this conversation. The coin, originally called MemeCoin2, was later said to have been picked up by Company 0 and launched under the name Decred in 2016. #DCR
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Convex Finance is a decentralized finance (DeFi) protocol built to enhance rewards for holders of staked Curve Finance tokens (CRV). The platform was launched in May 2021 and reportedly acquired over $1 billion in the two weeks following its inception. Convex Finance was designed to fill the gap for CRV token holders who did not meet the criteria required to enjoy the 2.5x rewards boost offered to tiered investors in exchange for liquidity locked on the Curve.fi platform. Holders of staked tokens on the platform receive Vote-Escrowed CRV (veCRV) tokens, which are governance tokens needed to vote on proposed developments to the network. CRV holders must lock and stake their tokens to receive veCRV tokens that allow them to participate in the governance system. CRV can be locked for this purpose for up to four years, and CRV holders receive veCRV on a 1:1 basis for each CRV they stake. Convex Finance enhances this rewards system by making the rewards available to all holders of staked CRV. Those who would otherwise not hold enough staked CRV are able to receive the Curve Finance rewards boost by investing in liquidity pools available on the Convex Finance platform. #CVX
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We are going up $SOL $BOME $PEPE #BinanceTurns7
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Phoenix is designed to be a robust blockchain infrastructure platform for decentralized AI, computation scaling, and AI-driven Web3 applications. The project transforms decentralized AI technology into value for users through the Phoenix Trifecta, which consists of AI Alpha, AI Insights, and AI Productivity. - AI Alpha: Unleashing the power of AI for alpha generation, or creating profit for users, as in the case of AlphaNet. - AI Insights: Make predictive AI insights accessible, scalable, and easy to utilize, as with SkyNet’s AI scaling platform. - AI Productivity: Leverage AI large language model to change the way you work, research, and learn, which PhoenixLLM aims to accomplish. Launched in 2017, its development roadmap has undergone several upgrades, starting from a decentralized data protocol to ultimately to a decentralized AI infrastructure platform built using Web3 technology. The newest upgrade of Phoenix’s Computation Layer SkyNet was completed in October 2023. #phb
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Floki is a decentralized cryptocurrency inspired by the popular internet meme culture, specifically centered around the Shiba Inu dog breed. It was named after Elon Musk's Shiba Inu dog, further solidifying its connection to the meme ecosystem. Floki began as a meme-coin inspired by Elon Musk's dog but has since transformed into a comprehensive web3 project encompassing decentralized finance, NFTs, and the Metaverse. Now known as "The People's Crypto," the team behind Floki has taken a once trivial meme-coin and turned it into something of larger utility. The project's associated token, FLOKI, is a multi-chain token compatible with the Ethereum and BNB Chain, as it adheres to ERC-20 and BEP-20 standards. FLOKI tokens can be bridged between the two chains, enabling FLOKI holders to utilize either blockchain for storing and transacting with their tokens. The overall concept of this dog-inspired coin is built upon three main principles: its meme appeal, practical use, and charitable aspect. Floki sees itself as a movement that enables people from all walks of life and age groups to be part of something, mainly due to its lighthearted meme nature. #FLOKI
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