Have you ever wondered: What is PancakeSwap? How can you buy coins on this platform? In this article, we will explore PancakeSwap and how to utilize it to take advantage of its unique features to earn money.
Published: 11/04/2024
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Author: Kane

PancakeSwap stands as one of the largest cryptocurrency exchanges today. It’s also a platform where cryptocurrencies that haven’t been listed on major exchanges like Binance, Huobi, etc., can still find a place. So, what is PancakeSwap? Have you grasped its operation and how to register and utilize an account on PancakeSwap? Let’s delve into these questions in this article!
What is PancakeSwap?
PancakeSwap (CAKE) is one of the top decentralized exchanges (DEX) on the BNB Chain, allowing users to directly exchange coins without the need for any intermediaries.
Launched in 2020, PancakeSwap not only provides a large liquidity pool but also offers a variety of features that are highly popular within the blockchain community. This platform enables users to trade BEP20 tokens and Binance Coin (BNB) without relying on intermediaries or worrying about losing control over their private keys.

Similar to Uniswap on Ethereum, PancakeSwap operates on the Binance Smart Chain and focuses on developing BEP20 tokens, which are tokens developed by Binance.
By trading on PancakeSwap, you can directly use your wallet without the need for a centralized exchange. On this platform, you can swap BEP-20 tokens, stake CAKE in Syrup Pools, provide liquidity for automated market makers (AMM), participate in Initial Farm Offering (IFO), conduct permanent trading, and even buy or sell NFTs through the NFT marketplace.
Related: What is an NFT and how does it work?
How Does PancakeSwap Work?

AMM stands for “Automated Market Maker,” which is a mechanism where smart contracts act as intermediaries. Sellers deposit their assets into a liquidity pool, and buyers swap their assets with those in the pool through smart contracts.
DEX stands for “Decentralized Exchange,” allowing direct peer-to-peer transactions on the blockchain network without the need for intermediaries.
Therefore, similar to other AMM DEX platforms, PancakeSwap’s operation mechanism is as follows: Liquidity providers contribute their assets to the pool, and traders swap assets within the pool according to preset formulas in smart contracts, rather than using order book mechanisms like traditional exchanges.
Advantages and Disadvantages

Advantages
Built on BNB Chain: PancakeSwap is built on the BNB Chain, a blockchain by Binance, providing flexibility and high performance.Unique Features: The platform offers unique features like Initial Farm Offering (IFO) and lotteries, creating a diverse and engaging trading experience for users.Multichain Strategy: The multichain strategy allows trading of tokens across different blockchains, increasing access opportunities and diversifying users’ investment portfolios.Privacy Protection: PancakeSwap does not require users to create accounts, ensuring privacy and making the trading process more convenient.
Disadvantages
Limited Token Trading: The platform only supports trading of tokens available in liquidity pools, limiting users’ choices in trading.Cannot Directly Trade BTC: PancakeSwap does not support direct Bitcoin trading, which may be a limitation for those who want to trade directly with Bitcoin.Risk of Scam Tokens: Due to insufficient vetting when creating pools, users may encounter scam tokens when trading on PancakeSwap.Slow Deployment: Deployment of multichain features may be slower compared to centralized exchanges, causing delays in scaling and updating new features.
Using PancakeSwap
How to Register for a Pancake Swap
To register for a PancakeSwap account, follow these steps:
Visit the PancakeSwap website at pancakeswap.finance.Select the “Connect Wallet” option. After successful connection, you can perform transactions and use the platform’s products. You can link with wallets like Binance Chain, Metamask, WaterConnect, Trust Wallet, and others.

Here are some basic ways to use PancakeSwap:
Swap:

Access the PancakeSwap website.Click on “Unlock Wallet” or “Connect” in the top right corner of the screen to unlock your Binance Smart Chain wallet.Select the type of token you want to trade and enter the quantity.Review the details and click “Swap.” Then click “ConfirmSwap” to complete the transaction.
Liquidity:

Log in to your account and select “Liquidity.”Choose “Add liquidity” in the middle of the screen.Select the token type to add to the liquidity pool. Then, enter the token quantity and click “ConfirmSupply.”Click “Confirm” to complete the process.
Farming:

Log in and access the farming section on PancakeSwap.
Click “Connect” in the top right corner to unlock your Binance Smart Chain wallet.Choose the Farm you want to participate in, then click “Select.”Click “+” to stake liquidity tokens, enter the token quantity, and click “Confirm” to complete.
Conclusion
We hope that through the article “What is PancakeSwap? How to use PancakeSwap?“, you now have a better understanding of PancakeSwap, its features, and how to use them.
PancakeSwap is not just a decentralized exchange but also a large community with various features such as token swapping, staking CAKE in Syrup Pools, providing liquidity for automated market makers (AMM), participating in Initial Farm Offering (IFO), and trading NFTs through the NFT marketplace.
If you have any questions or would like to share your thoughts on PancakeSwap, feel free to leave a comment below. We look forward to hearing from you and sharing knowledge with you!
$BTC $ETH $BNB

Uniswap founder Hayden Adams announced on Wednesday that the SEC had sent a Wells notice to Uniswap Labs, requesting compliance with law enforcement.
Published: 11/04/2024
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Author: Leexim
Uniswap founder Hayden Adams announced on Wednesday that the SEC had sent a Wells notice to Uniswap Labs, requesting compliance with law enforcement.

The SEC has sent a Wells notice to Uniswap Labs, declaring their intention to enforce the law.
Hayden Adams, the founder of Uniswap, stated: “I’m not surprised. I just feel uncomfortable and disappointed, but we’re ready to face the challenge. I believe that the products we provide are legal and we are doing the right thing historically.”

Adams also expressed dissatisfaction with the SEC focusing on dealing with companies like Uniswap and Coinbase instead of addressing cases like FTX.
The SEC has been investigating Uniswap for a long time. According to the Wall Street Journal, since September 2021, the agency has initiated an investigation into the operations of Uniswap Labs, especially regarding the functioning of the exchange without the need for intermediaries.
Information about law enforcement actions against Uniswap comes amid the SEC’s increasing focus on controlling cryptocurrency activities, especially with major companies like Coinbase, Ripple, and Binance.
Related: TRON Foundation Asserts Strongly Against SEC Lawsuit
The Ethereum Foundation, a support organization for the Ethereum network, recently disclosed that they have been “voluntarily requested to participate in an investigation by government agencies,” but did not specify the status of that investigation. Some other cryptocurrency companies have also faced legal accountability related to their transactions with the Ethereum Foundation.

Marvin Ammori, Legal Director of Uniswap Labs, described the SEC’s warning about law enforcement as “another abuse of power” and deemed the Wells notice “regrettable, but not surprising.” He also emphasized that Uniswap’s products comply with U.S. law and seek cooperation with reasonable regulations for cryptocurrencies, rather than continuing the abuse of power. Uniswap Labs is prepared to fight against this abuse and believes they will prevail.$BTC $ETH $UNI #unicorn

Historically, Bitcoin halvings have triggered short-term volatility but long-term bullish trends, characterized by a diminishing percentage increase in price after each halving event.
Published: 11/04/2024
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Author: Leexim

Bitcoin dropped to as low as $67,700 yesterday before rebounding and is currently trading at $70,500. As the cryptocurrency industry anticipates the next halving event, market analysts and investors are closely observing the potential impacts on Bitcoin’s price.
Bitcoin Remains Bullish Before the Halving
The halving, a reward reduction program for miners, is expected to occur on April 20. It will cut the reward from 6.25 BTC to 3.125 BTC, effectively reducing Bitcoin’s inflation rate from 1.7% to 0.85% annually.
Historically, Bitcoin halvings have been associated with short-term volatility but tend to lead to long-term price appreciation. Vincent Maliepaard, Marketing Director at IntoTheBlock, noted that the 2016 and 2020 halving events saw significant price surges followed by short-term corrections, ultimately breaking previous all-time highs within a few months.
Bitcoin Price Performance by Halving. Source: IntoTheBlock
While short-term volatility may occur around halving events, the reduction in supply can positively impact prices over time.
Another notable trend is the diminishing rate of price increases after each halving. For instance, after the first halving, Bitcoin’s value surged by 4,802%, but this rate of growth has decreased with subsequent halvings.
Maliepaard stated, “With Bitcoin’s current market capitalization, achieving similar percentage increases would require significantly larger investments, indicating that future percentage increases may diminish.”
The momentum from Bitcoin ETF
The upcoming halving event also differs in some aspects. Indeed, Bitcoin has surpassed its all-time high, possibly due to significant institutional investment following the approval of Bitcoin ETFs. This institutional capital inflow, combined with consistent demand from ETFs and reduced supply, could further drive up Bitcoin’s value.
Furthermore, cryptocurrency “whales” are engaging in higher accumulation strategies and holding positions in anticipation of potential price increases. These actions demonstrate a blend of short-term speculation and long-term strategic moves to preserve Bitcoin as a scarce asset.
Generally, these models demonstrate deeper insights and adaptability to the impact of the halving cycle on Bitcoin’s value over time.
“In my view, there’s a clear trend towards larger transaction volumes, especially transactions worth over $100,000, particularly since the approval of the Bitcoin ETF. In previous halving cycles, these figures mainly started increasing towards the end of bull markets,” Maliepaard shared.
Number of Large Bitcoin Transactions. Source: IntoTheBlock
Another interesting observation by Maliepaard is the increase in the proportion of Mining Flow volume. Over the past year, the percentage of volume has increased from around 4% to over 12%, a 200% rise. This increase in the sharing of Mining Flow volume is crucial as it indicates significant changes in miner behavior, which could impact Bitcoin’s supply dynamics and liquidity.
Related: This Bitcoin Bull Run Is Unlike Previous Cycles
Although the anticipated Bitcoin halving is expected to bring short-term volatility, the long-term outlook remains optimistic, driven by reduced supply and ongoing institutional interest.
“Reducing emissions as planned is one of the important economic measures to differentiate Bitcoin from fiat currencies. During the periods before and after the Bitcoin halving cycle, market sentiment often shifts from anticipation to optimism as investors speculate on the impact of halving on Bitcoin scarcity and price,” Maliepaard concluded.
Investors should monitor key indicators such as transaction volumes and miner behavior to assess the impact of halving on the market.
$BTC #bitcoinhalving #BullorBear #HalvingCylces #HalvingEffect #Halving_update

The world's largest cryptocurrency exchange, Binance, recently announced its proof of reserves, demonstrating transparency and credibility to its users.
Published: 10/04/2024
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Author: Leexim

Binance, the world’s leading cryptocurrency exchange, has released its latest Proof of Reserves (PoR) report, providing transparency regarding its holdings of various digital assets, including Shiba Inu (SHIB). Published in April 2024, the report details Binance’s SHIB reserves since April 1, 2024, at 00:00 UTC.

The PoR report reveals that Binance currently holds a significant amount of SHIB tokens, exceeding 67.67 trillion. This substantial reserve translates into holdings worth approximately $1.96 billion based on the SHIB trading price at the audit time ($0.00002894 USD).
SHIB asset coverage ratio exceeds 100%
Interestingly, the exchange’s SHIB reserves have surpassed the net balance held by users. According to the report, Binance users collectively hold around 65.32 trillion SHIB tokens, equivalent to $1.89 billion. This means the asset coverage ratio stands at 103.60%. In simpler terms, for every 1 SHIB token deposited by users, Binance reserves more than 1 SHIB token.
Related: Deutsche Bank Releases Survey Results on Bitcoin
The implementation of Binance’s PoR system and other major exchanges stems from FTX’s collapse in late 2023. This initiative aims to enhance transparency and rebuild trust within the cryptocurrency community. By publishing monthly PoR reports, exchanges demonstrate that they hold users’ deposited digital assets in a verifiable manner.
Recognizing the increasing popularity of Shiba Inu on its platform, Binance integrated SHIB into its PoR system in February 2023. Currently, the exchange’s PoR system encompasses a total of 31 cryptocurrencies, including the most widely traded digital assets on Binance.
Binance Holdings for Bitcoin (BTC) and Ethereum (ETH)

The latest PoR report also sheds light on Binance’s reserves for other prominent cryptocurrencies. Since April 1, 2024, the exchange maintains asset coverage ratios exceeding 100% for both Bitcoin (BTC) and Ethereum (ETH).
For BTC, the asset coverage ratio is 104.46%, with user deposits amounting to 568,788.919 BTC (approximately $41.09 billion USD) and the exchange’s net balance standing at 594,136.021 BTC (approximately $42.92 billion USD).
Similarly, the asset coverage ratio for ETH is 103.58%. Binance users hold 4,446,480.486 ETH (valued at $16.04 billion USD) in deposits, while the exchange boasts a net balance of 4,605,595.896 ETH (approximately $16.61 billion USD).
An important note is that Binance is preparing to implement mandatory Know Your Customer (KYC) policies before April 20, 2024. This policy may impact the custody of cryptocurrencies on the exchange. Users who fail to complete KYC requirements will no longer have access to their sub-accounts on the platform, potentially resulting in changes to the overall asset balances held by Binance.
Binance’s publication of PoR reports aims to enhance transparency regarding the reserves of various cryptocurrencies on the exchange, including the increasingly popular SHIB. As the cryptocurrency market continues to evolve, initiatives like these may play a crucial role in fostering trust and security for investors.
#BinanceRiskteam #BinanceInvesting #BinanceLaunchPool🔥 $BNB

The digital asset market experiences fluctuating highs and lows due to its inherent volatility, occasionally resulting in Bitcoin's downturn, with prices plummeting below $69,000.
Published: 10/04/2024
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Author: Leexim

Bitcoin’s price has marked a significant decline, leaving the entire cryptocurrency market in the red, breaking below $69,000.
Over the past few years, the market has seen a boom in crypto assets, along with Bitcoin’s ups and downs following its bullish periods. Bitcoin price fluctuations are almost inevitable, when capital inflows and outflows are large, creating unpredictable fluctuations.
Bull cycles are often accompanied by a significant increase in capital flows into the market, driving up asset prices. In contrast, bearish periods often occur after asset prices have increased due to economic and industry factors. Assets can hit record highs and fall to lows not seen in months. These fluctuations have been recorded in Bitcoin’s historical price data.
A clear example is in 2021, when Bitcoin reached a record high price above $64,000. Meanwhile, the 2022 bear market has pushed Bitcoin prices below $19,000. Here are some signs that point to the end of the bull run.
Whale activity

The activities of large investors, or “Bitcoin whales”, have a greater influence than other factors on the market. This is a direct result of their holding of large amounts of Bitcoin, often over 1000 BTC. If activity on the blockchain shows these individuals are selling assets, it is a sign of Bitcoin’s decline, reflecting a change in market sentiment. Similarly, the transfer of large amounts of Bitcoin to exchanges can also be seen as a sign of large investors preparing to sell, signaling a decline in Bitcoin.
Relative Strength Index (RSI)
Indicators such as Bitcoin’s relative strength index (RSI) can also provide important information to investors about the direction of market movement. RSI measures the buying and selling pressure of an asset, and when an asset becomes overbought, this can signal a possible price drop, leading to a decline in Bitcoin.
Low trading volume

$BTC #BullorBear $BTC #BTC、
Low trading volumes are often a clear sign that market sentiment around crypto assets is declining, which often leads to a decline in Bitcoin. When market activity increases, it is often accompanied by bullish price action; Conversely, when activity declines, this signals concerns about a price decline.
Strict regulations
Strict regulations from government agencies around the world create uncertainty for investors. Much of this harsh regulation often stems from market crashes and bearish events. For example, the collapse of Terra’s stablecoin and FTX exchange in 2022 wiped billions of dollars off the market. These events led to the collapse of Bitcoin and increased stricter regulatory measures in many jurisdictions.
Market hype and fanfare around cryptocurrencies like Memecoin, while not directly related to Bitcoin, is often a sign of heightened market activity and rising RSI. Initially, this seemed positive as it was accompanied by a period of cash inflows and price increases; however, this is often followed by a correction in the market, leading to a decline in Bitcoin.

Deutsche Bank, a leading investment bank based in Germany, has unveiled a recent survey indicating a decreasing level of skepticism among consumers towards cryptocurrencies.

Published: 09/04/2024
Deutsche Bank, a leading investment bank based in Germany, has unveiled a recent survey indicating a decreasing level of skepticism among consumers towards cryptocurrencies.
Deutsche Bank, one of the big names in German multinational investment banking, has just published the results of a survey, shedding light on the transformation in consumer thinking about cryptocurrencies. According to a report from Reuters, this bank, headquartered in Frankfurt, conducted a survey of more than 3,600 consumers in the US.
The results of the survey revealed increased adoption of cryptocurrencies, with more than half of participants (about 52%) seeing them as an “important asset and payment method” in the future hybrid, up 12% compared to September 2023.
However, the survey also reflected wariness on the part of participants, with 30% predicting Bitcoin’s price to fall below $20,000 by the end of 2024, although this group did see a slight decrease since January.

Another point worth noting is that the belief that cryptocurrencies are just a temporary trend is decreasing. According to the report, less than 1% of participants currently hold this view, indicating further acceptance of cryptocurrencies as a long-term financial instrument. However, only 10% of participants expect that Bitcoin will surpass $75,000 by the end of the year.
As Bitcoin prepares for its fourth halving event, where rewards for miners are halved, speculation about the potential impact on price has been raised.
History shows that Bitcoin has experienced a series of price declines in the first 90 days following a reward reduction event. However, some analysts say the situation could be different now, with new capital flows through Bitcoin-traded ETFs seen as a potential game-changer in the market.
$BTC #BTC🔥🔥🔥🔥🔥🔥 $BTC #BullorBear #BTC、 #BTCHalvingApril2024

The term "metaverse" is one that has garnered a lot of interest and curiosity from many people. So, what is metaverse? What makes this technology stand out? Let's explore through the article below with AZC.News.
Published: 08/04/2024

After Mark Zuckerberg announced that Facebook would transition from being a “Social Networking Company” to a “Metaverse Company,” along with Epic Games (the developer of the famous game Fortnite) raising $1 billion with the goal of turning the game into a Metaverse, the concept of the Metaverse has become a hot keyword and attracted the attention of many people.
In this article, let’s explore what Metaverse is and learn about investment opportunities in the Metaverse in the Crypto market!
What is Metaverse?
The Metaverse is a virtual world created from the Internet and augmented reality tools (such as VR, AR, or other technologies), aiming to provide the most realistic experiences for users.
In the Metaverse, it’s a world that exists parallel to the real world. There, barriers to creativity are almost eliminated through tools and features provided by developers.

If you’re still unclear about this abstract concept, the movie “Ready Player One” is a typical example of the Metaverse.
Origin of Metaverse
After understanding the basics of what Metaverse is, let’s explore the origin of this concept.

Is the Metaverse a newly emerged term in the era of developing information technology like today?
The truth is not so. The term “Metaverse” was first mentioned in the science fiction novel “Snow Crash” by author Neal Stephenson in 1992. In this work, the Metaverse is described as a place where people can interact with each other through a deeply cyberpunk space.
Thus, the concept of the Metaverse has been formed for quite some time, even before the Internet age. The word “Metaverse” itself is composed of two words:
Meta: Meaning “beyond” or “beyond.”Verse: In the word “Universe” means “universe.”
Therefore, the concept of the Metaverse implies a world “beyond the existing universe,” or in other words, a world parallel to reality.
The origin of the Metaverse can be traced back over 30 years ago, before the Internet developed as it is today. It’s not a new concept but has been shaped in the imagination of science fiction writers for a long time.
What are the characteristics of the Metaverse?

Some key characteristics of the Metaverse include:
Sustainability: The ability to sustain continuous operation and constant improvement.Immersion: The level of realism of the experience in the Metaverse, reflecting the ratio between virtual experience and reality.Openness: Allowing participants to connect or disconnect at any time. It is also an open space, not restricted in creativity.Economic System: There is an economic system parallel to reality, allowing easy asset transfer between the virtual world and the real world. Users can accumulate assets through creations in the Metaverse.
These characteristics show that the Metaverse brings a multidimensional, vivid, and highly interactive experience, as well as a separate economic system parallel to the real world.
Layers in the Metaverse ecosystem

The Metaverse is built on 4 main constituent layers:
Foundation Layer: This is the platform layer for connectivity, which is the Internet network.Infrastructure Layer: In terms of infrastructure for the Metaverse, including hardware components that provide a realistic experience for users. In addition, key technologies such as Blockchain, AI, Big Data are also in this layer.Content Layer: This is the layer containing games, applications that allow users to immerse themselves in different virtual worlds, creating the most vivid experiences.True Metaverse Layer: This is the final layer, when the underlying layers have developed enough, will create a complete and true Metaverse.
The development process of the Metaverse goes as follows:
The Internet platform layer is being upgraded, becoming faster and more convenient.The infrastructure layer is also being continuously invested and improved by technology giants.The content layer is gradually forming with games in the style of the Metaverse, waiting for perfection from the infrastructure layer.
When these platform layers develop fully, the true Metaverse will soon become a reality.
Some prominent Metaverse Games
Although current technology still cannot provide a perfect Metaverse experience as in “Ready Player One,” there are already many products and applications built based on the concept of the Metaverse.
Some typical examples:
Minecraft: An open-world game that allows players to mine resources, build structures, and create their own worlds, while interacting with other players.GTA V: In multiplayer mode, players can interact, trade, and communicate with each other in an open world.Roblox: Allows players to create content, with VR support and an economic incentive system.

In the cryptocurrency market, there are also many games in the Metaverse style such as Decentraland, The Sandbox. These games allow players to create their own worlds, own assets in the form of NFTs, and exchange them in the marketplace.
However, current Metaverse applications still have many limitations:
The experience is not truly authentic due to the limitations of augmented reality technology.
The interaction between products is still very limited, especially with games not based on blockchain.
User creativity space is still limited.
Therefore, the true Metaverse has not yet been realized as in the work “Ready Player One.” But current applications have shown significant progress and enormous potential for Metaverse development in the future.
Why is the Metaverse becoming popular?

Throughout history, humans have always nurtured desires for exploration and overcoming: Crossing vast oceans, conquering towering mountains, exploring the mysteries of the universe,… However, with many barriers in terms of technology, finance, or limited resources, we cannot meet all these needs quickly.
Currently, with the explosive development of the Internet and technology, it seems that we have found a new solution to these challenges, which is to use the Metaverse.
For a true Metaverse, we can fully enjoy unlimited experiences and exploration while waiting for technology to develop for real experiences.
A clear example is the human desire to explore the universe: Traveling around the world today has become much easier and more common. However, gradually, exploring the Earth is no longer as attractive as before, our next goal is the universe.
However, developing rockets and infrastructure for space exploration is currently costly and time-consuming. Resource barriers cannot keep up with demand.
Therefore, we can use the Metaverse to experience space exploration based on experiments. Augmented reality technology will provide the most intimate and realistic feeling for humans.
As a result, with the Metaverse, we can experience exploring the universe closest to reality, at a much lower cost while waiting to overcome barriers.
In addition, with unlimited creative abilities in the Metaverse, humans will gain more inspiration for inventions beyond reality.
In the context of the current Covid-19 pandemic, as countries implement social distancing policies, the Metaverse becomes an ideal place for us to interact with each other in the most authentic way.
Potential of the Metaverse
How vast is the scale of the Metaverse?

With an immensely ambitious vision of constructing a parallel world alongside our reality, one can imagine the scale to which this market will grow.
Currently, statistical data indicates that the total global asset volume by the end of 2020 had reached $418.3 trillion. Therefore, it can be said that this is an immensely large market with plenty of opportunities for future development.
However, this is just a distant view of the future, so what is the recent situation like? According to research from LD Capital (a leading Blockchain technology investment fund in China), the Metaverse industry will consist of two main components:
Hardware infrastructure: This includes industries involved in producing hardware such as chips, electronic components, augmented reality devices, etc., which are crucial infrastructure to enhance the experience within the Metaverse. According to research from The Business Research Company, in 2020, the value of this industry globally reached around $862 billion with an annual growth rate of 9.4%.Metaverse content: This encompasses all platforms (mostly games) that enable users to participate and immerse themselves in the Metaverse. This category also includes social networks or sharing platforms such as YouTube, TikTok, etc., but with the true Metaverse, these platforms will be directly integrated with games. Currently, the value of this industry is estimated to be around $170 billion.
So, although the Metaverse has not truly developed as intended in the end, what exists today already holds a value of trillions of dollars. This is not to mention that as augmented reality products become more widely adopted, they will serve as a foundation for even stronger growth in the Metaverse Gaming market.
Moreover, with the “Beyond the Universe” vision of the Metaverse, it is possible that in the future, all non-physical assets will be brought into the Metaverse to create a truly parallel world (even potentially surpassing the real world). From there, this industry could potentially reach hundreds of trillions of dollars.
Applications of the Metaverse
The Metaverse not only provides entertainment experiences but also opens up many applications in other fields such as healthcare, education, manufacturing, military, and many others.
For example, in the healthcare field, the Metaverse can create a virtual environment to help doctors research and develop new treatment methods without requiring too many resources and without posing risks to patients.
In the education field, an interactive virtual world can help students learn from top teachers. Learning combined with practical examples makes understanding easier and more vivid.
What do the tech giants think about the virtual universe Metaverse?

Mark Zuckerberg, Founder & CEO of Facebook
It’s no coincidence that the Metaverse has attracted significant attention from large companies with strong resources. The goal of the Metaverse is not only to meet daily needs but also to be a major step forward in creating a digital world parallel to the real world.
One of the first people interested in the Metaverse is Mark Zuckerberg, Founder & CEO of Facebook.
He shared about the Metaverse as follows: “Mobile internet can now meet many people’s needs from waking up to going to bed. Therefore, I don’t think the main purpose of the Metaverse is to get people to engage more on the Internet, but to allow people to participate in the Internet more naturally.”
In line with this statement, Facebook has invested in VR devices through the acquisition of Oculus and even renamed the company to Meta to focus on developing hardware infrastructure for the Metaverse.
In addition to Facebook, other major tech companies such as Google, Microsoft, Sony have also entered the Metaverse through the establishment of the XR Association – a union with the goal of developing “Experiential Reality.”
Tim Sweeney – CEO of Epic Games, the company behind the game Fortnite, has also shared his views on the Metaverse. He believes this is a very potential market and explains why Epic Games wants to develop Fortnite into a part of the Metaverse.
Furthermore, Tim Sweeney emphasizes that the Metaverse will not only be a world created by one company but will include many applications and interaction possibilities between different worlds.
In the Crypto market, Decentraland – a Metaverse application, has been represented by Dave Carr. He highlights the decentralized nature of the Metaverse and believes that Decentralization is necessary for users to have ownership and creative freedom in the Metaverse.
Why is Blockchain the ideal place to develop the Metaverse?
In fact, the Metaverse can be established on the basis of many different types of technologies. However, in a world that values unlimited creativity, interaction, and decentralized freedom like the Metaverse, it seems that Blockchain will be one of the key technologies of this world.
I will explain why right below!
Blockchain – The essential platform for the development of the Metaverse

When researching the theory of the Metaverse, we can see that blockchain technology will play a key role in building a true Metaverse.
As seen in Jon Radoff’s Infographic, the Metaverse industry is attracting the participation of many leading technology companies, including hardware, software, blockchain, gaming, etc. Among them, the Content layer – the content and experience – is seen as closest to the concept of the Metaverse. However, current platforms like Google, Facebook, Fortnite, Roblox still have some limitations:
Limited interaction between platforms: Users cannot move or exchange digital assets between different virtual worlds.Digital assets do not truly belong to users: Virtual items in games can be lost due to policy changes or regulations.Lack of personalization and ownership: Users do not have real ownership rights to their digital assets.
Here, blockchain technology with prominent features such as:
Scalability: Modern blockchains like Avalanche, Polkadot, Cosmos have addressed the issues of speed and scalability.Interoperability: Assets on different blockchains can be exchanged through Cross-chain technology.Ownership & Privacy: Digital assets in the form of NFTs (non-fungible tokens) help users hold ownership and control over their assets.Security: Blockchain technology provides high security for users’ digital assets.
Moreover, the strong development of DeFi (Decentralized Finance) also serves as a simple, flexible digital economy system to support economic activities in the Metaverse, such as trading goods, transferring assets, borrowing, payments, etc.
With the superior advantages of scalability, interaction, ownership, and security, along with the development of the DeFi ecosystem, blockchain technology can indeed become the key platform for building a true Metaverse – a more creative, interactive, and personalized virtual world.
Key Factors Driving the Development of Metaverse in Crypto
To build a truly comprehensive Metaverse within the Crypto space, there needs to be a combination of three main components:
Optimized Blockchain Platforms: These serve as the foundational layer. There is a need for blockchains with good scalability, such as Polkadot, Avalanche, Cosmos, Solana, NEAR, Mina, etc. These blockchains will meet the requirements for performance and storage for the Metaverse.Dapps Serving the Metaverse: On top of blockchain platforms, decentralized applications (Dapps) serving various purposes of the Metaverse are necessary:Pure Metaverse Gaming platforms like Decentraland, The Sandbox.DeFi applications to develop the Metaverse economy, such as exchanges, lending services, payments, etc.NFT applications to build a digital asset system within the Metaverse.Cross-chain Bridges: This is an important factor for creating connectivity and interaction between virtual worlds and the Metaverse economy. Cross-chain technologies will enable the exchange and conversion of digital assets across different blockchains.
Currently, despite significant progress, the above factors are still not fully developed:
New blockchain platforms only partially solve the speed and scalability issues.Dapps serving the Metaverse have not yet created experiences as compelling as traditional games.Cross-chain technology still has many loopholes, leading to related hacking incidents.
Therefore, for the Metaverse in the Crypto space to develop, companies and developers need to continue improving and perfecting these core elements. When these three components are effectively combined, the Metaverse will be able to break through and grow significantly.
Metaverse Development Trends

Metaverse – Still an Idea for the Future
Although information technology is advancing rapidly, the Metaverse is still only a concept for the future and not yet the time to explode.
There are several reasons for this assessment:
VR technology is still limited: Currently, VR devices on the market are still relatively expensive and not widespread. VR-related experiences are also not truly compelling, making developers hesitant to invest in this field.The VR market is still small: According to estimates by Grand View Research, the Virtual Reality market reached only about $22 billion in 2021 – a modest figure compared to the potential for future development. However, the growth rate of this industry is expected to reach about 18% per year, with an estimated scale of $70 billion by 2028.Preparing for the Metaverse: Although VR hardware is a key factor for the Metaverse, content development will also occur simultaneously, rather than waiting for VR to be perfected. Tech giants like Facebook, Epic Games, Roblox, etc., have begun investing in and preparing for the future of the Metaverse.
In summary, the Metaverse is still only a theoretical concept for the future, not yet the time to explode. However, with the participation of many major technology companies, along with the advancement of VR technology, the Metaverse is expected to become a highly potential industry in the future.
Investment Opportunities in the Metaverse Ecosystem
With the development of blockchain technology, the Metaverse is expected to become a large and diverse virtual space in the future. So where are the investment opportunities in the Metaverse?
Blockchain Infrastructure Platforms: The blockchain platforms for the Metaverse need to have the following characteristics:High scalability to meet widespread usage needs.Low transaction fees, fast speeds, and high security.Large storage capacity and unlimited creativity. Examples include Solana, Mina, Avalanche, Polygon, Cosmos, NEAR, Flow, Theta, etc.Dapps Serving the Metaverse

Platforms like Decentraland, The Sandbox for Metaverse Gaming.Open-world gaming platforms that allow unlimited creativity.NFT marketplaces.DeFi platforms, especially those facilitating asset transfers between the real world and Crypto.Cross-chain and Interoperability Applications: These are important platforms for connecting Metaverse ecosystems, such as:Liquidity Cross-chain applications.Conversion and exchange of NFTs across blockchains.
However, it’s important to note that the Metaverse is still a concept for the future, not yet the time for a strong explosion. Current Metaverse platforms like Sandbox, Decentraland are still not attractive enough.
Therefore, instead of investing directly in Metaverse projects, investors can seek opportunities from the “small waves” when major tech giants provide information about the Metaverse. And when the infrastructure and content of the Metaverse become more complete, the true explosion of the “Blockchain Metaverse” will occur.
Conclusion
Through this article, I have provided you with basic information about the Metaverse, as well as the potential development of this industry up to trillions of dollars.
The development of technology along with the impact of the pandemic has turned the Metaverse – a concept that has existed for nearly 30 years – into a hot topic recently. With the participation of major technology giants, we have every reason to believe in the enormous potential of the Metaverse.
Notably, blockchain technology is expected to play a key role in the development process of the Metaverse. However, the Metaverse is still a relatively new concept, requiring more time and infrastructure to truly explode in the future.
This article is compiled based on my personal perspectives, along with some analysis from research sources such as The New York Times and Coindesk. You can refer to these additional sources of information.
#Metaversee #MetaverseInvesting #MetaverseGems $ETH

BTC cycle theorists are optimistic about an upcoming parabolic rally, yet BTC bulls still face short-term obstacles.
Published: 08/04/2024
BTC cycle theorists are optimistic about an upcoming parabolic rally, yet BTC bulls still face short-term obstacles.
After initial challenges in Q2 2024, Bitcoin’s price has seen a significant recovery from a low of $64.5k to $71k at the moment. However, the trendline support from February to April has not been restored at this time. Even so, Bitcoin market cycle experts believe that a surprising parabolic price increase is possible.
One of these theorists is Vijay Boyapati, a famous internet personality and author of the book “The Bullish Case for Bitcoin”. He emphasized that when Bitcoin reaches its peak, there is no real surplus in supply, and this could open up a large field for parabolic price increases.
A sharp price increase is about to happen?
Following historical data, it appears that a wild rally in Bitcoin’s price is about to take place. Other market cycle analysts also share similar views to Boyapati. For example, crypto research analyst Rekt Capital noted that a weekly close above the 2021 cycle high of $69k is crucial to warrant further upside.

To be clear, Bitcoin has recovered beyond ~$69,000 and the weekly candle close at $69.36k proves these points right. Given Bitcoin’s cycle, analysts believe that a breakout after the accumulation phase could be the start of a parabolic rally.
Steve Courtney from Crypto University Crew also quipped that Bitcoin will enter the final phase of its bull cycle if it continues to close above $68.6k on the monthly chart. He also emphasized that if Bitcoin continues to close above $68.6K by the end of April, it could see a parabolic price increase.
However, trendline support that has existed for the past few months, the $71K resistance level, and other macro factors remain short-term hurdles to consider.
#BTCHalvingApril2024 #BTC、 #BullorBear $BTC

According to the announcement from the bankrupt cryptocurrency company Genesis, they have completed the conversion process from GBTC to Bitcoin, with the amount of Bitcoin recovered reaching 32,000.

The bankrupt crypto lending firm Genesis has converted approximately 36 million shares of the Grayscale Bitcoin Trust (GBTC) into Bitcoin as part of its preparations to settle debts with creditors.
According to a recent Bloomberg report, the company liquidated the GBTC shares on April 2, at a value of around $58.50 per share at that time. Notably, the GBTC share price has surged by approximately 50% since Genesis initially sought permission from the U.S. bankruptcy court to sell the shares. Back on February 2, when the shares were priced at $38.50, Genesis began the process of offloading the GBTC shares.
The total amount generated from the sale was $2.1 billion, enabling Genesis to acquire 32,041 Bitcoin on April 2, at a price of $65,685 per Bitcoin. These acquired Bitcoins will be used by Genesis to fulfill its obligations towards creditors. As of the time of writing, the 32,041 Bitcoin holds a value of approximately $2.18 billion.

In response to concerns about the potential impact of this large sell-off on the crypto market, cryptocurrency exchange Coinbase reassured the community that the funds are likely to remain within the crypto ecosystem, having a neutral overall effect on the market. Coinbase explained that the bankruptcy plan allows Genesis to either convert GBTC shares into Bitcoin assets on behalf of the creditors or sell the shares outright and distribute the cash.
The move follows Digital Currency Group’s claim that its subsidiary company, Genesis, has proposed to pay its customers more than their actual entitlements.
Genesis Settles with the SEC

In a bankruptcy court filing last month, Genesis announced that it had reached a settlement agreement with the SEC, agreeing to pay $21 million to resolve the civil lawsuit. According to the SEC’s lawsuit, Gemini Earn had approximately 340,000 customers and $900 million in assets under management as of November 2022.
Following FTX’s bankruptcy in the same month, Genesis temporarily suspended Gemini Earn withdrawals, citing “unprecedented market turmoil” and liquidity issues. Genesis filed for bankruptcy after the SEC’s lawsuit was filed in January of the previous year.
In February, Gemini agreed to return $1.1 billion to Gemini Earn customers through the Genesis bankruptcy proceeding, as part of a settlement with New York’s financial regulator.
More recently, a federal judge ruled that the SEC’s lawsuit against crypto firms Gemini and Genesis will proceed in court. The judge’s decision came after Gemini and Genesis attempted to have the lawsuit, which alleges the sale of unregistered securities through the Gemini Earn program, dismissed. The judge rejected the motions to dismiss, stating that the SEC’s allegations were plausible enough to continue with the legal proceedings.
#BTC、 #gbtc #BullorBear

Ethereum is showing signs of a bullish reversal, supported by DeFi sentiment and positive technical indicators. Despite initial setbacks, Ethereum's price stabilizes around $3,379 with potential for further upward movement.

The cryptocurrency market, especially Ethereum (ETH), is showing signs of positivity after initial challenges, driven by strong sentiment towards decentralized finance (DeFi) and positive technical signals.
ETH experienced a decline, testing support around $3,200. However, recent signals indicate a more positive shift, with Ethereum’s price hovering around $3,379 and showing upward momentum, aiming to surpass the $3,500 mark.
In addition to this positive sentiment, the DeFi sector within the Ethereum ecosystem has demonstrated resilience amidst recent market volatility. Despite a slight decrease from a peak of around $58 billion to $47 billion, the total value locked (TVL) in DeFi has rebounded to over $50 billion, indicating increasing interest and confidence in the market’s future prospects.

Investors seem inclined to participate in securing the Ethereum network and earning profits rather than immediately selling. If the trend of increasing value locked in these smart contracts continues, expecting further price appreciation in the coming weeks and months seems reasonable.
Related:
Technical indicators are supportive of Ethereum’s price increase. The token is gradually approaching the $3,500 level, with the 20-day EMA serving as a key support level at $3,364. The MACD indicator has signaled buying pressure, indicating increasing buying momentum and affirming the prospects of price appreciation.
The upcoming Bitcoin halving event could also drive increased interest in major altcoins like Ethereum, potentially pushing prices to new highs. However, the expected resistance level is around $3,435, as a significant number of addresses are holding ETH at this level.
#ETH🔥🔥🔥 #Ethereum✅ $ETH

Bitcoin's price is rebounding following a challenging beginning to the month, just under two weeks away from the highly anticipated halving event.

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Bitcoin rebounds to $69,000Timing of Bitcoin Halving Event
Bitcoin is recovering after a period of stability to start April, bouncing back above $69,000 on Thursday ahead of the network’s upcoming halving event expected in a few weeks.
Bitcoin rebounds to $69,000
The price of Bitcoin has risen 5% in the past 24 hours, reaching $69,100, reversing a three-day trend that saw the top cryptocurrency drop below $70,000 and nearly touch $65,000 on Tuesday before bouncing back on Thursday.

With the next halving event scheduled for April 20, Bitcoin’s price surged in March to a new all-time high of $73,737, skyrocketing multiple times throughout the month as it continued to climb higher. The previous all-time high for Bitcoin was set in November 2021 at around $69,000.
Timing of Bitcoin Halving Event
The estimated date for the halving event has changed in recent weeks, as the event is tied to a specific block on the network, as well as Bitcoin’s activity and demand helping determine the network’s speed at that time. Currently, it is scheduled for April 20 or 4/20, with some notable memes fitting well with the current price level, along with some other memes.

Bitcoin’s latest price increase has caused similar fluctuations across the entire market, with no surprises, rising 4% each day on data from CoinGecko. Ethereum (ETH) rose nearly 4% to $3,415 today, while Dogecoin (DOGE) surged 6% to $0.186 and Binance Coin (BNB) was the strongest performer among the top 10 cryptocurrencies with an 8% increase to $597.
Two of the largest gainers among the top 100 cryptocurrencies by market capitalization are closely linked to Bitcoin. ORDI, a BRC-20 token minted through the Bitcoin Ordinals protocol, surged nearly 15% in a day with the current price above $64, while Bitcoin Cash – forked from Bitcoin – rose about 12% to $644 after its own halving event earlier this year.
#BTCHalvingApril2024 #BullorBear #BTCTo1Million

The infrastructure platform Raiinmaker recently conducted a successful angel funding round, raising $7.5 million from prominent investors such as Jump Capital and Cypher Capital.
Raiinmaker, a Web3 infrastructure platform specializing in providing artificial intelligence (AI) tools, has successfully completed its initial funding round worth $7.5 million led by Jump Capital and Cypher Capital. Other investors include Gate.io Labs, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, Coach K, Axia 8 Ventures, Sheesha Finance, Andromeda Capital, Arcanum Capital, GDA Capital, and Alpha Sigma Capital.

According to data from CrunchBase, this new funding round has brought Raiinmaker’s total funding raised to $12.5 million.
Raiinmaker focuses on developing decentralized AI tools and Web3 infrastructure to serve projects in the sports, gaming, and entertainment industries. Through this platform, users can train AI models directly on their iOS or Android mobile apps and receive corresponding rewards.
Raiinmaker is scheduled to launch its mainnet this April, with the issuance of COIIN tokens following shortly thereafter.
Artificial intelligence is one of the areas that has attracted significant attention from the blockchain industry recently. Previously, Lightspeed Faction led a $6 million funding round for another AI company, FLock.
Introduction to Raiinmaker

Raiinmaker is a technology company that has developed the Coiin Network Protocol, Raiinmaker Mobile App, Coiin.io, and FanQuest. The company’s focus is on deploying the scalability of Web3, decentralized AI, and implementing DePIN (Decentralized Physical Infrastructure Network) to drive Batch Applied Solutions starting from the Sports, Gaming, and Entertainment sectors.
Raiinmaker democratizes the processes of creating and collecting data and operates efficiently and scalably, supported by a unique modern architecture utilizing Web 3 technologies, Artificial Intelligence (AI), and Decentralized Physical Infrastructure Network (DePIN). Raiinmaker’s platform connects with a large network of user devices globally to leverage collective creativity, utilization, and processing capabilities as well as human data generation capabilities worldwide. This ecosystem not only diversifies the scope and depth of data insights but also prioritizes humans and places Raiinmaker at the forefront of the data-focused digital economy.
The heart of Raiinmaker’s identity is the double “ii” symbol, a profound and meaningful emblem. It symbolizes the essence of connection – powerful interactions between humans driving community and innovation. In all aspects of our technology, we emphasize and facilitate these dynamic and meaningful interactions, placing humans at the center.

Galaxy Digital unveils a $100 million fund aimed at fueling growth for promising cryptocurrency startups, focusing on early-stage companies in the crypto space.

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Galaxy Digital’s fund promotes cryptocurrency ecosystem growthInstitutional interest waned
Galaxy Digital, one of the leading companies in the cryptocurrency sector, is expanding its investment footprint by announcing a new $100 million fund. This joint venture aims to boost the power and potential of startups in the cryptocurrency sector.
The move reflects Galaxy’s continued commitment to promoting and growing the cryptocurrency ecosystem, an effort that previously relied largely on the company’s internal capital.
Galaxy Digital’s fund promotes cryptocurrency ecosystem growth
The new fund, called Galaxy Ventures Fund I, LP, is expected to support up to 30 startups over the next three years. Initial investments will start from $1 million, focusing on areas such as financial applications, software infrastructure development, and cryptocurrency protocols.
Galaxy Digital has a strong history of investing in cryptocurrency businesses, with over $200 million invested in over 100 projects over the past six years. However, this fund marks a shift in their investment strategy, partnering with outside investors for the first time. The company’s goal is to replicate the success of investing through this fund through accounting mechanisms.

“For years, we have used our capital to invest in innovative crypto businesses. Now, we are introducing Galaxy Ventures Fund I LP to partner with outside investors, helps us continue to advance the digital asset ecosystem by supporting promising early-stage companies,” the company said.
Galaxy Digital’s launch of the ambitious fund marks a notable surge of interest in the venture capital sector. Earlier this year, there was a partnership between Marc Andreessen, Accolade Partners and Galaxy Digital to launch a $75 million fund with the 1kx network. At the same time, Paradigm is said to be raising between $750 million and $850 million, and Hack VC aims to raise a minimum of $100 million.
Related: KuCoin Exchange Witnesses Significant Outflow of Funds
This resurgence mirrors the trend reflected in Galaxy Digital’s January 2024 research. The company’s report pointed to a link between venture fundraising strategies and growing cryptocurrency demand increase.
Institutional interest waned

Global VC Deal Percentages in Blockchain or Crypto by Stage. Source: Galaxy Digital
However, institutional interest is gradually waning as valuations decline, posing a major challenge for crypto venture funding. This has become clearer throughout 2023 as passive investment products dominate the market.
Galaxy Digital’s report also clarifies the significance of their new fund. Globally, crypto/blockchain-focused venture fundraising will only reach $5.75 billion in 2023, down significantly from the 2022 record of $37.7 billion.
The firm’s research highlights that while crypto venture fundraising is not a major vehicle for 2021, the sector is still making progress compared to previous levels. The report predicts venture capital investment in crypto could regain momentum by 2024 if crypto investors choose to reinvest.
#cryto2024 #BullorBear

#Wormhole- a cross-chain platform developed on Solana - has successfully raised over 300 million USD from numerous large investors. So, what is Wormhole? Is the W Token worth investing in? Let's find out!

Table of Contents
What is Wormhole?What is Wormhole’s solution?What are Wormhole’s operations?What are Wormhole’s products?What are the applications built on Wormhole?What are the highlights of Wormhole?What is the W Token?Basic information about the W Token:Utility of the W TokenW Token AllocationW Token Vesting ScheduleBuying and storing W TokenDevelopment teamInvestorsRoadmapInformation project Conclusion
What is Wormhole?
Wormhole is a Cross-chain Messaging Protocol (W), enabling asset and information transfer between different blockchains.
Initially, Wormhole served as a pioneering Cross-chain Bridge in the Solana ecosystem, quickly becoming the largest bridge in the ecosystem by contributing significantly to liquidity and facilitating the easy flow of capital from Ethereum to Solana.
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In February 2022, Wormhole was hacked, resulting in losses of up to 120K WETH (equivalent to over $300M at the time), which severely damaged the project’s reputation and TVL.
Thanks to the support of Jump Trading, Wormhole is currently recovering quickly and regaining its position in the Cross-chain sector.
What is Wormhole’s solution?
Moving tokens between blockchains has always been a significant barrier for users. Before Wormhole’s introduction, the workaround for this limitation was to transfer assets through centralized exchanges to relay them to the desired destination. However, this method was suboptimal as users were hesitant to entrust their assets to others, and passing through multiple intermediaries posed a risk of asset loss. Smart Contracts and dApps couldn’t interact with each other.
With the significant advancements in DeFi, Smart Contracts, and Layer 2 solutions, the limited interoperability of blockchains became a crucial issue that Wormhole was founded to address.
With these two major limitations in mind, Wormhole was established to optimize blockchain interoperability, providing the best possible user experience.

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On April 3, 2024, Binance announced the listing of Wormhole on its platform.
What are Wormhole’s operations?
There are four main components in Wormhole’s operational model:
Wormhole Core Contract: Smart contracts deployed on blockchains connected to Wormhole.
Guardian: A network consisting of 19 validators responsible for verifying and approving messages.
Replayer: Responsible for relaying messages (transaction data requested by users) to the target blockchain.
VAA (Validator Action Approval): Stores messages that need to be relayed, approved by Guardians.
The sequence of Wormhole’s operations is as follows:
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Messaging is sent through the Wormhole Core Contract, then forwarded to Guardians. These Guardians verify and approve the message’s authenticity.
Messages must have approval from at least 2/3 of Guardian signatures to be passed, after which they are transferred to the VAA.
Finally, the Replayer is responsible for relaying VAA to the target chain for execution.
What are Wormhole’s products?
Wormhole offers a diverse range of products, including Messaging, Queries, Connect, and Gateway.
Messaging: A decentralized messaging protocol for blockchain developers to exchange information and value with other blockchains safely and easily.
Queries: A new tool for developers, allowing faster and cheaper cross-chain data access exponentially.
Connect: A toolkit provided to developers to integrate Wormhole’s cross-chain solution easily, enabling developers to incorporate Wormhole’s cross-chain capability into their applications with just a few lines of code.
Gateway: An L1 Appchain developed based on Cosmos SDK. Gateway leverages the flexibility of Cosmos SDK and CosmWasm, allowing seamless integration between Wormhole and the Cosmos ecosystem.
With its suite of products, Wormhole seems to aspire to become the leading cross-chain infrastructure provider for crypto projects.
What are the applications built on Wormhole?
Additionally, several applications are built on the Wormhole platform, including:
Portal Bridge: A Cross-chain Bridge developed by the xLabs team, currently supporting asset transfers on over 30 different blockchains.
Carrier: Token and NFT bridge developed by the Automata Network team, providing advanced bridge features such as simultaneous transactions, wallet management, etc.
Wormholescan: Developed by the same team as Portal Bridge, xLabs, Wormholescan is a Blockchain Explorer, allowing users to easily query and track transactions processed by Wormhole.
What are the highlights of Wormhole?
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Wormhole supports non-EVM chains: Wormhole is one of the few cross-chain messaging protocols that can support various blockchain types, from Cosmos appchains to EVM and non-EVM chains like Solana, Aptos, Sui, etc. It can be said that supporting a diverse range of chains has helped Wormhole build a broad network of interactions. As of now, Wormhole has supported over 30 blockchains.
Strong and decentralized network: Wormhole’s trust layer is built on the PoA (Proof of Authority) mechanism with a group called “Guardians.” This ensures the authenticity and security of cross-chain messages. There are 19 Guardians managed by prominent companies like Certus One, Everstake, Staked, etc.
Seamless user experience: Currently, Wormhole allows users to use the bridge service at very low fees. Additionally, with the Connect product, Wormhole will help projects easily integrate with Wormhole without having to pay any fees, significantly simplifying the interaction process.
What is the W Token?
After learning what Wormhole is, let’s delve into the project’s token – W.
Basic information about the W Token:
Token Name: Wormhole
Symbol: W
Total Supply: 10,000,000,000 W
Initial Circulating Supply: 1,800,000,000 (18%)
Price: To be updated…
Market Cap: To be updated…
TGE (Token Generation Event): 04/03/2024
Utility of the W Token
The W Token is currently used as the governance token of Wormhole.
Holders of W can participate in voting on Wormhole to make decisions regarding token utility and design, smart contract upgrades on Wormhole, adjusting Wormhole’s product fees, and other platform-related decisions.
W Token Allocation
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Here’s how Wormhole’s 10 billion W token allocation is distributed:
Guardian Nodes – 5.1% (510,000,000 tokens): Tokens allocated to Wormhole’s Guardian Node network.
Community & Launch – 17% (1,700,000,000 tokens): Tokens allocated for the community. Of these, 11% will be airdropped to users and projects that were snapshot before the tokenomics announcement.
Core contributors – 12% (1,200,000,000 tokens): Tokens allocated for the project’s core development team.
Ecosystem & Incubation – 31% (3,100,000,000 tokens): Tokens allocated for community organizations, ecosystem development initiatives, strategic contributors, etc.
Strategic Network Participants – 11.6% (1,160,000,000 tokens): Tokens allocated for investment funds, partners, etc.
Foundation Treasury – 23.3% (2,330,000,000 tokens): Tokens allocated for the Wormhole Foundation’s reserve fund.
W Token Vesting Schedule
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Here’s the specific token vesting schedule for each portion of Wormhole (W):
Guardian Nodes – 5.1%: No token unlock at TGE, tokens will begin vesting after 12 months.
Community & Launch – 17%: 11% equivalent to 1,100,000,000 W will be circulating at TGE, the remaining 6% will continue to unlock 4 months after TGE.
Core contributors – 12%: No token unlock at TGE, tokens will begin vesting after 12 months.
Ecosystem & Incubation – 31%: 5% equivalent to 500,000,000 W will be circulating at TGE, the remaining 21.6% will continue to unlock 4 months after TGE.
Strategic Network Participants – 11.6%: No token unlock at TGE, tokens will begin vesting after 12 months.
Foundation Treasury – 23.3%: 2% will be unlocked at TGE, the remaining 21.3% will vest after 12 months.
Buying and storing W Token
People can buy and sell W Tokens on Binance from April 4, 2024.
Development team
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Currently, the Wormhole team has a scale of over 50 members. Among them, there are three key members in the leadership team:
Saeed Bardreg (Co-founder & CEO)
Anthony Ramirez (Co-founder & COO)
Tony Jin (Co-Founder & CTO)
Investors
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Wormhole has successfully completed two funding rounds, with specific information as follows:
Seed Round (5/2022): No information about participating funds or investment amounts was disclosed.
Funding Round (11/2023): Raised $225 million at a valuation of up to $2.5 billion. Participated by top investment funds such as Multicoin Capital, Coinbase Ventures, Jump Trading, etc.
In terms of partners, Wormhole currently has a large network of partners with over 30 blockchains and 200 protocols using Wormhole’s products.
Roadmap
Recently, Wormhole has announced the Wormhole ZK roadmap. The Wormhole ecosystem will introduce a portfolio of software solutions to achieve the common vision of ZK support. The forward path of Wormhole ZK aims to enable extremely fast, low-cost, and trustless message verification. The ZK roadmap focuses on:
Enhancing Wormhole’s flexibility by allowing the protocol to support multiple verification mechanisms beyond Wormhole Guardians.
Promoting the minimization of protocol trust through accelerated ZK proofs and integrating lightweight client applications, thereby enabling trustless communication between blockchains.
Enabling more scalable integration to meet the rapid, permissionless integration needs of new blockchains.
Enabling a more robust multichain combining capability for users to easily build richer applications.
Information project Website Twitter Discord Conclusion
It can be seen that the emergence of Wormhole is a positive signal for the future of cross-chain. Wormhole is an advanced messaging protocol capable of connecting to every blockchain through a reliable and verifiable network. Furthermore, the project is built synchronously, allowing for low-latency consensus. This capability ensures that information sources are used freely.
Hopefully, the insights shared in the article have helped you understand what Wormhole is and have provided an overview of the project. However, investing in crypto remains a risky field with many pitfalls alongside attractive profit opportunities. Traders should conduct thorough research and only invest when they have a clear understanding of the project.
#BinanceListingStrategy #BinanceLaunchpool #BinanceLaunchpool