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While you wait for the #Fed decisions on the #BinanceSqure screen, take a look at this review of #rwa
đRWA_Inc_, led by Kevin Yunai, is really coming with substantial stepsđȘ
The infographic below sheds light on the future of asset tokenizationâš
It provides a detailed look at the market's growth potential, the stages and key partnerships of #RWA Inc. in the tokenization process, the business model, and the usage areas of the RWA token.
đMarket Potential: Discover the growth story of the asset tokenization market from $120 million in 2023 to $1 billion in 2024đ. Seize investment opportunities with expected growth projections in the coming yearsđž.
đ€RWA Inc. Pipeline and Partnerships: Learn about RWA Inc.'s tokenization process from research and development stages to full-scale implementations and its key partnerships along the wayđ©âđŒđ€.
đŒBusiness Model: Discover how RWA Inc. generates revenue from tokenization projects and transactions, including sources like tokenization and transaction feesđ€.
đRWA_Inc_, led by Kevin Yunai, is really coming with substantial stepsđȘ
The infographic below sheds light on the future of asset tokenizationâš
It provides a detailed look at the market's growth potential, the stages and key partnerships of #RWA Inc. in the tokenization process, the business model, and the usage areas of the RWA token.
đMarket Potential: Discover the growth story of the asset tokenization market from $120 million in 2023 to $1 billion in 2024đ. Seize investment opportunities with expected growth projections in the coming yearsđž.
đ€RWA Inc. Pipeline and Partnerships: Learn about RWA Inc.'s tokenization process from research and development stages to full-scale implementations and its key partnerships along the wayđ©âđŒđ€.
đŒBusiness Model: Discover how RWA Inc. generates revenue from tokenization projects and transactions, including sources like tokenization and transaction feesđ€.
RWA Inc. Shaping the Future
I checked out RWA Inc.'s website, and it's imposing đ Here are some standout features:
Ease of Tokenization: #rwa Inc. makes it easier for investors to access real-world assets by tokenizing them. This is a major innovation in the investment world đĄđŒ
Global Investment Opportunities: Both individual and institutional investors can own significant assets worldwide. It's a great opportunity to diversify your portfolio đđŒ
Regulatory Compliance: The company ensures legal compliance by obtaining the necessary regulatory approvals, and providing a safe investment environment. This is a big assurance for investors â đ
Security Protocols: They protect investors' assets with high-security standards. Safety is always a priority đđĄïž
Diverse Asset Types: From commercial, industrial, and residential real estate to rare and luxury collections, thereâs something for everyone. đąđ đ
Extensive Investor Network: With over 10,000 users, theyâve built a vast ecosystem. This means you can be part of a large community. đ€đ
They've also fully optimized their website and go-to-market strategies. They've organized communication and product summaries to allow everyone to easily interact and join the system, whether you're an investor, asset owner, or potential team member. Plus, theyâve launched app.rwa.inc, where you can connect your wallet and receive rewards, offers, VIP treatment, and early access to the best investments đ»đ
In today's digital world, a website is often the first touchpoint for those assessing an organization's credibility. As their market efforts gain momentum, every visitor to the site will judge the company's quality and trustworthiness based on this experience. The new website is designed to showcase an organization prioritizing trust, safety, compliance, and accessibility, ensuring RWA Inc. stands out as a reliable partner. Every detail reflects their commitment to transparency and serves as a valuable resource for their community and potential clients. đđ€đ
Theyâve really done an impressive job đđŒ
https://www.rwa.inc/
Ease of Tokenization: #rwa Inc. makes it easier for investors to access real-world assets by tokenizing them. This is a major innovation in the investment world đĄđŒ
Global Investment Opportunities: Both individual and institutional investors can own significant assets worldwide. It's a great opportunity to diversify your portfolio đđŒ
Regulatory Compliance: The company ensures legal compliance by obtaining the necessary regulatory approvals, and providing a safe investment environment. This is a big assurance for investors â đ
Security Protocols: They protect investors' assets with high-security standards. Safety is always a priority đđĄïž
Diverse Asset Types: From commercial, industrial, and residential real estate to rare and luxury collections, thereâs something for everyone. đąđ đ
Extensive Investor Network: With over 10,000 users, theyâve built a vast ecosystem. This means you can be part of a large community. đ€đ
They've also fully optimized their website and go-to-market strategies. They've organized communication and product summaries to allow everyone to easily interact and join the system, whether you're an investor, asset owner, or potential team member. Plus, theyâve launched app.rwa.inc, where you can connect your wallet and receive rewards, offers, VIP treatment, and early access to the best investments đ»đ
In today's digital world, a website is often the first touchpoint for those assessing an organization's credibility. As their market efforts gain momentum, every visitor to the site will judge the company's quality and trustworthiness based on this experience. The new website is designed to showcase an organization prioritizing trust, safety, compliance, and accessibility, ensuring RWA Inc. stands out as a reliable partner. Every detail reflects their commitment to transparency and serves as a valuable resource for their community and potential clients. đđ€đ
Theyâve really done an impressive job đđŒ
https://www.rwa.inc/
LIVELIVEmarpaci
--
You started to see #RWA tokens on the #Binance screen.I will tell you a little about RWA and RWA Inc.
RWA represents real-world assets on the blockchain through digital tokens. These assets include real estate, commodities, and other physical goods. RWAs allow investors easier and more transparent access to these assets
RWA Inc. simplifies complex tokenization processes and digital tokens represent these assets on the blockchain.
RWA Inc. has partnered with @DAO Labs and is actively using the #SocialMining platform
I can give you more information about RWA in the coming days,stay tuned
RWA represents real-world assets on the blockchain through digital tokens. These assets include real estate, commodities, and other physical goods. RWAs allow investors easier and more transparent access to these assets
RWA Inc. simplifies complex tokenization processes and digital tokens represent these assets on the blockchain.
RWA Inc. has partnered with @DAO Labs and is actively using the #SocialMining platform
I can give you more information about RWA in the coming days,stay tuned
LIVELIVEmarpaci
--
#Polygon âs upgrade, the conversion from $MATIC to POL, has been made. Now every transaction on Polygon PoS uses the hyper-yielding token as the native gas and staking token.
This upgrade will shape Polygonâs long-term vision and associated technological goals.
There has been a lot of writing about this conversion on #Binance Square and social media.
@Polygon , in collaboration with @DAO Labs is making great strides with the support of the #SocialMining community. It is possible to regard these changes as milestones on the way to Polygonâs development and success in the future.
This upgrade will shape Polygonâs long-term vision and associated technological goals.
There has been a lot of writing about this conversion on #Binance Square and social media.
@Polygon , in collaboration with @DAO Labs is making great strides with the support of the #SocialMining community. It is possible to regard these changes as milestones on the way to Polygonâs development and success in the future.
What Are Memecoins and What Are They Not?
There are times when #Memecoins__ crazes sweep through #Binance and other exchanges. Many investors, even if just a little, put money into these memecoins. However, nearly all of these investors are aware that these coins are bubbles that could burst at any moment. Youâve probably seen the latest campaign announced with the hashtag #DOGSONBINANCE . Especially in the @Ton Network ecosystem, weâve been hearing about many new memecoins. Today, I wanted to share a few thoughts on the advantages and disadvantages of memecoins.
Memecoins are created based on internet jokes or popular figures. $DOGE and $SHIB are the most famous examples of these types of coins. Here are some characteristics of memecoins and how they differ from traditional cryptocurrencies:
Purpose: While memecoins are launched as jokes, more serious cryptocurrencies like #Bitcoin and Ethereum are developed for financial transactions and smart contracts.
Value and Volatility: The market value of memecoins primarily depends on community sentiment and social media trends, making them incredibly unstable. In contrast, more traditional cryptocurrencies are often more stable and versatile.
Community Support: One common feature of memecoins is that they belong to highly active communities, which can quickly drive up demand.
Fun and Accessibility: Since memecoins are intended for humour and entertainment, they may appeal to new investors.
Memecoins create a fun and flashy bubble in the cryptocurrency sector. However, itâs important to research investment opportunities before putting any money in. Of course, Iâm not offering investment advice; my only suggestion would be to consider these types of tokens as very short-term investments rather than medium or long-term ones. Once youâve made your profit, itâs best not to look back.
I work in #SocialMining at @DAO Labs . Our work typically involves large companies. Therefore, I find it more prudent to invest in firms with many employees, producing real work, and their tokens. Naturally, I also have memecoins like $DOGS or $NOT in my portfolio, but I didnât invest in them. I keep the ones Iâve received through airdrops and am ready to sell them when prices skyrocket during a new craze...
Memecoins are created based on internet jokes or popular figures. $DOGE and $SHIB are the most famous examples of these types of coins. Here are some characteristics of memecoins and how they differ from traditional cryptocurrencies:
Purpose: While memecoins are launched as jokes, more serious cryptocurrencies like #Bitcoin and Ethereum are developed for financial transactions and smart contracts.
Value and Volatility: The market value of memecoins primarily depends on community sentiment and social media trends, making them incredibly unstable. In contrast, more traditional cryptocurrencies are often more stable and versatile.
Community Support: One common feature of memecoins is that they belong to highly active communities, which can quickly drive up demand.
Fun and Accessibility: Since memecoins are intended for humour and entertainment, they may appeal to new investors.
Memecoins create a fun and flashy bubble in the cryptocurrency sector. However, itâs important to research investment opportunities before putting any money in. Of course, Iâm not offering investment advice; my only suggestion would be to consider these types of tokens as very short-term investments rather than medium or long-term ones. Once youâve made your profit, itâs best not to look back.
I work in #SocialMining at @DAO Labs . Our work typically involves large companies. Therefore, I find it more prudent to invest in firms with many employees, producing real work, and their tokens. Naturally, I also have memecoins like $DOGS or $NOT in my portfolio, but I didnât invest in them. I keep the ones Iâve received through airdrops and am ready to sell them when prices skyrocket during a new craze...
PANTHEON: Play...Bluff...Win
#Bitcoin has recovered. It looks like good times are coming soon.
Today, I want to give good news to the game-loving #Binance readers.
@WAX , a leader in gaming and #NFT , introduced the new #web3 game with which it collaborated. We can also understand how high his expectations from this game are. WAX, which also cooperates with @DAO Labs , invited #SocialMining members on its platform to promote the game and become Beta Testers. It distributed various rewards for this. I am one of these Beta Testers.
WAX is one of the platforms that makes the best use of social miners...
Now I want to introduce the game to you.
Pantheon is the first online IRL bluffing game. It is the only true multiplayer digital trading card game available in a browser.
Pantheon Digital Trading Card (NFT) collectors can risk their cards in the game to capture other players' cards.
Play...Bluff...Win
You can shape your destiny through your actions, firmly stating your beliefs about all hands in the Arena.
Characteristics of NFTs
First set release
10,000 packs x 10 cards each = 100,000 unique NFTs
Greek Gods 1st Edition - 10 unique gods, 3 color variants, 10 unique backgrounds, 6 rarities = 1,800 unique combinations
God cards will generate a power level in the game that allows players to capture other players' cards.
Abilities are assigned to cards with equal probability during the print-on-demand function at pack opening.
At least 1 $WAXP will be placed on the cards during pack opening.
Card Rarities
Tier 1 (No Ability)
Common (45,000:100,000) (45% total, 45% cumulative)
Tier 2 (1 Ability)
Uncommon (25,000:100,000) (25% total, 75% cumulative)
Tier 3 (2 Abilities)
Rare (15,000:100,000)
Epic (10,000:100,000) (25% total, 95% cumulative)
Tier 4 (3 Abilities)
Legendary (3,500:100,000)
Godly (1,500:100,000) (5% total, 100% cumulative)
All of these cards are designed to be collectible in the long run. Even someone who doesn't play the game itself can collect them like first-generation Pokemon and benefit from their long-term value.
So far, dozens of beta players have played hundreds of games and the game continues to grow stronger with feedback every day.
The game will be launched in November at the CryptoCon event in Australia. I'm looking forward to it đ
So how do you look at the increasing number of games on the blockchain with WEB3? What can the combination of WEB3 and Blockchain benefit us? I would like to say a few words about this.
Web3 games reduce dependence on centralized gaming companies and allow players to feel more freedom and security.
These games offer players unprecedented control and ownership over their in-game assets.
Blockchain enables the tracking, ownership and transfer of in-game assets.
So as the technology develops, we will be able to earn NFTs and play games more securely.
Finally, those who want to take part in the test team of this game can contact me...
Today, I want to give good news to the game-loving #Binance readers.
@WAX , a leader in gaming and #NFT , introduced the new #web3 game with which it collaborated. We can also understand how high his expectations from this game are. WAX, which also cooperates with @DAO Labs , invited #SocialMining members on its platform to promote the game and become Beta Testers. It distributed various rewards for this. I am one of these Beta Testers.
WAX is one of the platforms that makes the best use of social miners...
Now I want to introduce the game to you.
Pantheon is the first online IRL bluffing game. It is the only true multiplayer digital trading card game available in a browser.
Pantheon Digital Trading Card (NFT) collectors can risk their cards in the game to capture other players' cards.
Play...Bluff...Win
You can shape your destiny through your actions, firmly stating your beliefs about all hands in the Arena.
Characteristics of NFTs
First set release
10,000 packs x 10 cards each = 100,000 unique NFTs
Greek Gods 1st Edition - 10 unique gods, 3 color variants, 10 unique backgrounds, 6 rarities = 1,800 unique combinations
God cards will generate a power level in the game that allows players to capture other players' cards.
Abilities are assigned to cards with equal probability during the print-on-demand function at pack opening.
At least 1 $WAXP will be placed on the cards during pack opening.
Card Rarities
Tier 1 (No Ability)
Common (45,000:100,000) (45% total, 45% cumulative)
Tier 2 (1 Ability)
Uncommon (25,000:100,000) (25% total, 75% cumulative)
Tier 3 (2 Abilities)
Rare (15,000:100,000)
Epic (10,000:100,000) (25% total, 95% cumulative)
Tier 4 (3 Abilities)
Legendary (3,500:100,000)
Godly (1,500:100,000) (5% total, 100% cumulative)
All of these cards are designed to be collectible in the long run. Even someone who doesn't play the game itself can collect them like first-generation Pokemon and benefit from their long-term value.
So far, dozens of beta players have played hundreds of games and the game continues to grow stronger with feedback every day.
The game will be launched in November at the CryptoCon event in Australia. I'm looking forward to it đ
So how do you look at the increasing number of games on the blockchain with WEB3? What can the combination of WEB3 and Blockchain benefit us? I would like to say a few words about this.
Web3 games reduce dependence on centralized gaming companies and allow players to feel more freedom and security.
These games offer players unprecedented control and ownership over their in-game assets.
Blockchain enables the tracking, ownership and transfer of in-game assets.
So as the technology develops, we will be able to earn NFTs and play games more securely.
Finally, those who want to take part in the test team of this game can contact me...
What are Real World Assets (RWA)?
From time to time, we can witness remarkable performances of RWA tokens on #Binance . So, what does RWA mean? As someone who is involved in #SocialMining , those who are active in this field like me know that social miners closely follow the developments of companies that cooperate with @DAO Labs and search for innovations that arouse interest in the market. Therefore, I wanted to learn more about #rwa and I would like to share what I have learned with you.
Real World Assets also (RWA) imply the implementation of an individualâs physical and financial property into the digital environment. These include tangible fixed assets such as land and buildings, artworks and metals, and securities for example shares and bonds. The strategy of RWA is to make these assets easily tradable in safe, efficient and transparent ways through #Blockchain . Hence, these assets will be able to access the global market, obtain liquidity and extend the audience of investors. In other words, RWA creates a connection between the existing financial markets and the new world of digital technology in the context of making financial services available to everyone.
The concept of RWA tokenization can be applied to different fields and thus can produce drastic shifts in the sphere of finance. Here are some of the use cases:
Property Tokenization: Real estate, when digitized, can offer owners liquidity and enable investors to place small capital. Besides, these investments go global.
Artworks and Collections: These, together with paintings and other valuable items, can be tokenized and transformed into digital assets. This enables the investors to get closer to the art markets and buy stakes in the form of artwork in small quantities.
Natural Resources and Mining: Commodities like mineral deposits and energy sources, for instance, can be tokenized and sold in Token sales. This offers funding to the owners of the resources and portfolio to the investors.
Social Responsibility Projects: Tokenising RWA on climate change and clean energy means that investors can support such projects.
Financial Instruments and Bonds: Many traditional financial instruments can be tokenized and built on blockchain to present a more trust-based investment approach.
#mantra ($OM ) is an example of a promising Layer 1 blockchain platform that debuted in the field of RWA tokenization. Mantra, which was funded by an $11 million round led by Shorooq Partners, plans to further RWA tokenization. With this capital, Mantra will be able to construct compliant frameworks, empowering developers to create RWAs and genuine RWA-focused protocols, as well as extend tokenization services. Mantra has set its goal of investing in a less complex process, especially in the Middle East and Asia. The OM token is utilized as the management and usage token within the Mantra Chain, and its staking can provide passive income, in addition to providing action on the management of multiple products. Mantra is not just trying to fix the scalability flaws that are inherent in RWA tokenization but also trying to pave the way for a vast global financial infrastructure. It is to make the necessary operations with assets and to contribute to the emergence of new objects of investment, development of businessmenâs initiatives, and increase in circulation.
RWAs are growing fields that hold promises of generating new ideas in the world of finance. There is also a possibility that digitalization and tokenization might deepen financial markets in the future with additional choices for investors.
Real World Assets also (RWA) imply the implementation of an individualâs physical and financial property into the digital environment. These include tangible fixed assets such as land and buildings, artworks and metals, and securities for example shares and bonds. The strategy of RWA is to make these assets easily tradable in safe, efficient and transparent ways through #Blockchain . Hence, these assets will be able to access the global market, obtain liquidity and extend the audience of investors. In other words, RWA creates a connection between the existing financial markets and the new world of digital technology in the context of making financial services available to everyone.
The concept of RWA tokenization can be applied to different fields and thus can produce drastic shifts in the sphere of finance. Here are some of the use cases:
Property Tokenization: Real estate, when digitized, can offer owners liquidity and enable investors to place small capital. Besides, these investments go global.
Artworks and Collections: These, together with paintings and other valuable items, can be tokenized and transformed into digital assets. This enables the investors to get closer to the art markets and buy stakes in the form of artwork in small quantities.
Natural Resources and Mining: Commodities like mineral deposits and energy sources, for instance, can be tokenized and sold in Token sales. This offers funding to the owners of the resources and portfolio to the investors.
Social Responsibility Projects: Tokenising RWA on climate change and clean energy means that investors can support such projects.
Financial Instruments and Bonds: Many traditional financial instruments can be tokenized and built on blockchain to present a more trust-based investment approach.
#mantra ($OM ) is an example of a promising Layer 1 blockchain platform that debuted in the field of RWA tokenization. Mantra, which was funded by an $11 million round led by Shorooq Partners, plans to further RWA tokenization. With this capital, Mantra will be able to construct compliant frameworks, empowering developers to create RWAs and genuine RWA-focused protocols, as well as extend tokenization services. Mantra has set its goal of investing in a less complex process, especially in the Middle East and Asia. The OM token is utilized as the management and usage token within the Mantra Chain, and its staking can provide passive income, in addition to providing action on the management of multiple products. Mantra is not just trying to fix the scalability flaws that are inherent in RWA tokenization but also trying to pave the way for a vast global financial infrastructure. It is to make the necessary operations with assets and to contribute to the emergence of new objects of investment, development of businessmenâs initiatives, and increase in circulation.
RWAs are growing fields that hold promises of generating new ideas in the world of finance. There is also a possibility that digitalization and tokenization might deepen financial markets in the future with additional choices for investors.
Polygon and Movement Labs: The Future of Blockchain
Movement Labs is on its way to establishing a community-oriented network by emphasizing values such as security, speed and flexibility in the #blockcain world. Their goal is to unlock blockchain technology's full potential and benefit from a strong ecosystem like #Polygon in this process. This development is significant for both Move-based chains, the @Polygon ecosystem, and the @DAO Labs -based #SocialMining community. I thought it was the right time to announce this and wanted to share it with the #Binance Square community.
Polygon AggLayer Integration and Benefits
Movement Labs is taking a big step by including Move-based chains (such as $SUI Move, Aptos Move) into Polygon's AggLayer. In this way, MoveVM-based Layer 2 chains will join the Polygon ecosystem and there will be a significant increase in both liquidity and user base.
So how will this integration benefit us?
Liquidity Explosion: With the addition of Move-based chains to the Polygon AggLayer, there will be a massive influx of capital into the #DeFi world. This means more trading and investment opportunities, meaning more earning potential for everyone!Enhanced Harmonisation: There will be more harmonization between different blockchain networks. This means more choice and flexibility for users and developers. You will be able to use the application you want more easily.Super Security and Speed: The Polygon ecosystem will reflect move's superior security and speed performance. Transactions will be faster and safer, which will make everyone smile.Ecosystem Growth: This integration will expand the user base of both Polygon and Move-based chains. More users means a bigger developer community, which means more action.
This move by Movement Labs is creating a real stir in the blockchain world. It may also have an impact on the $MATIC price. With this integration, which is an important step for the future of Web3, brand-new opportunities are at the door.
Polygon AggLayer Integration and Benefits
Movement Labs is taking a big step by including Move-based chains (such as $SUI Move, Aptos Move) into Polygon's AggLayer. In this way, MoveVM-based Layer 2 chains will join the Polygon ecosystem and there will be a significant increase in both liquidity and user base.
So how will this integration benefit us?
Liquidity Explosion: With the addition of Move-based chains to the Polygon AggLayer, there will be a massive influx of capital into the #DeFi world. This means more trading and investment opportunities, meaning more earning potential for everyone!Enhanced Harmonisation: There will be more harmonization between different blockchain networks. This means more choice and flexibility for users and developers. You will be able to use the application you want more easily.Super Security and Speed: The Polygon ecosystem will reflect move's superior security and speed performance. Transactions will be faster and safer, which will make everyone smile.Ecosystem Growth: This integration will expand the user base of both Polygon and Move-based chains. More users means a bigger developer community, which means more action.
This move by Movement Labs is creating a real stir in the blockchain world. It may also have an impact on the $MATIC price. With this integration, which is an important step for the future of Web3, brand-new opportunities are at the door.
Political Reasons for the Rise and Fall in the Crypto Market
Those who are members of @DAO Labs and do #SocialMining as me know. When the crypto market is negative or stagnant, we keep an eye on the price of #BTC and #ETH on the #Binance screen, but we also investigate the new work of the projects we are partners with. Here, I try to announce new developments from time to time.
But today, I'm going to get into the political side of the business. What caused #Bitcoin to push past 70K and then fall back to 60K in recent weeks?
Summer seasons have been like this for years. A little up, a little down. Then you realize that you are actually in the same place đ That's why I love social mining, with the content I make on such days, I can collect the tokens of our partner projects at cheap prices đ
Let us now look at the biggest political reasons for the rise and then for the fall. These are of course excuses for the rise and fall. However, such events increase the expectation that communities will react similarly to similar developments. As a result, even if it is an excuse, there is an expectation about how the wheel will turn.
A BULLET WAS FIRED AT TRUMP, BIDEN WAS SHOT
Yes, before the rise started, unfortunately, news of an assassination came. US Presidential candidate Trump survived this attack with minor injuries. This event led to an increase in Trump votes and ultimately Biden's withdrawal from the race.
Known to be close to the crypto market, Trump's approach to winning ignited the first fuse. Later, Trump, who attended the Bitcoin 2024 conference in Nashville, praised Bitcoin. This created great enthusiasm and provided an increase of up to 70K. If I summarise what Trump said at the conference in headings:
As soon as I become president, I will fire (SEC Chairman) Gary Gensler.If elected president, I will not sell any Bitcoin that the US government currently holds or will purchase.Never sell your Bitcoins, Bitcoin will rise like never before...
Trump, whose similar discourses received great applause, brought great movement to the market.
This rise had to have a fall. Excuses began to be sought. MtGox will make new payments, Grayscale has mobilized so much $BTC , etc. And finally, the best excuse was found. War!!!
IRAN THREATENS, CRYPTO MARKET COLLAPSES
Increasing Iran-Israel tensions in the Middle East led to sharp declines in the cryptocurrency market đđ„. Israel's escalation of tension in the region in recent years has also negatively affected the financial markets. War rhetoric put stock and cryptocurrency markets under pressure.
The growing tension between Iran and Israel wiped $ 3 trillion from global stock markets in one day. A pessimistic atmosphere prevails in the cryptocurrency market. Bitcoin (BTC) fell as low as $ 60,500, while Ethereum ($ETH ) fell below $ 3,000. These declines caused a large outflow of money from altcoins, and many altcoins lost over 10 percent.
According to CoinGlass data, $289 million worth of positions were liquidated in the last 24 hours. Of these liquidations, $ 247.5 million consisted of long transactions. In the last 24 hours, 87,750 investors received liquidation notifications and lost their open positions. The biggest losses were in BTC with $87.34 million in liquidations and ETH with $80.14 million in liquidations.
The Layer-2 index was also affected by this situation and lost 7 percent in value in the last 24 hours. $ZK , one of the layer-2 solutions, fell by 10 percent đ.
I think we will spend the summer period going back and forth in the range of 60K and 70K. Of course, this is not investment advice, just it is my opinion. With the autumn, I hope that bitcoin will slowly enter the bull market ...
But today, I'm going to get into the political side of the business. What caused #Bitcoin to push past 70K and then fall back to 60K in recent weeks?
Summer seasons have been like this for years. A little up, a little down. Then you realize that you are actually in the same place đ That's why I love social mining, with the content I make on such days, I can collect the tokens of our partner projects at cheap prices đ
Let us now look at the biggest political reasons for the rise and then for the fall. These are of course excuses for the rise and fall. However, such events increase the expectation that communities will react similarly to similar developments. As a result, even if it is an excuse, there is an expectation about how the wheel will turn.
A BULLET WAS FIRED AT TRUMP, BIDEN WAS SHOT
Yes, before the rise started, unfortunately, news of an assassination came. US Presidential candidate Trump survived this attack with minor injuries. This event led to an increase in Trump votes and ultimately Biden's withdrawal from the race.
Known to be close to the crypto market, Trump's approach to winning ignited the first fuse. Later, Trump, who attended the Bitcoin 2024 conference in Nashville, praised Bitcoin. This created great enthusiasm and provided an increase of up to 70K. If I summarise what Trump said at the conference in headings:
As soon as I become president, I will fire (SEC Chairman) Gary Gensler.If elected president, I will not sell any Bitcoin that the US government currently holds or will purchase.Never sell your Bitcoins, Bitcoin will rise like never before...
Trump, whose similar discourses received great applause, brought great movement to the market.
This rise had to have a fall. Excuses began to be sought. MtGox will make new payments, Grayscale has mobilized so much $BTC , etc. And finally, the best excuse was found. War!!!
IRAN THREATENS, CRYPTO MARKET COLLAPSES
Increasing Iran-Israel tensions in the Middle East led to sharp declines in the cryptocurrency market đđ„. Israel's escalation of tension in the region in recent years has also negatively affected the financial markets. War rhetoric put stock and cryptocurrency markets under pressure.
The growing tension between Iran and Israel wiped $ 3 trillion from global stock markets in one day. A pessimistic atmosphere prevails in the cryptocurrency market. Bitcoin (BTC) fell as low as $ 60,500, while Ethereum ($ETH ) fell below $ 3,000. These declines caused a large outflow of money from altcoins, and many altcoins lost over 10 percent.
According to CoinGlass data, $289 million worth of positions were liquidated in the last 24 hours. Of these liquidations, $ 247.5 million consisted of long transactions. In the last 24 hours, 87,750 investors received liquidation notifications and lost their open positions. The biggest losses were in BTC with $87.34 million in liquidations and ETH with $80.14 million in liquidations.
The Layer-2 index was also affected by this situation and lost 7 percent in value in the last 24 hours. $ZK , one of the layer-2 solutions, fell by 10 percent đ.
I think we will spend the summer period going back and forth in the range of 60K and 70K. Of course, this is not investment advice, just it is my opinion. With the autumn, I hope that bitcoin will slowly enter the bull market ...
A New Era in the Polygon Ecosystem: What is POL Upgrade?
The long-awaited announcement from the #Polygon community has finally arrived! đ #MATIC tokens shall be replaced with $POL tokens effective September 4, 2024. This long-awaited transition is a monumental step for the @Polygon network, one that the community is quite eager to look forward to.
You don't need to take any action for the $MATIC tokens you hold on #Binance ; they will automatically be converted to POL tokens. đ
What's the POL Upgrade? đ€
It's the replacement of existing MATIC tokens with new POL tokens. POL will be the new native gas and staking token of the Polygon PoS network in the future. This upgrade aims to make the network more secure, versatile, and overall useful. So, in a nutshell, POL will play a really important part in Polygon's growth and expansion going forward. đ
How will this work? đ€ïž
Start Date: 4th September 2024 đ Automatic Conversion: MATIC holders on the Polygon PoS network need not worry, as their tokens will be automatically converted into POL. They can relax and just watch the migration! đManual Migration: Now, if your MATIC tokens exist on the Ethereum and Polygon zkEVM networks, or are simply deposited in centralized exchanges (CEX), you will have to manually migrate them into POL. This can be done using a migration contract or through decentralized exchanges (DEXs) such as 1inch and Kyber.
What to Do for MATIC Holders? đ ïž
On Polygon PoS: Nothing has to be done; all your MATIC tokens will be automatically converted to POL on September 4. đOn #Ethereumâ and Polygon zkEVM: You may use this migration contract directly to migrate your MATIC tokens to POL or do the migration via DEXes. đŠAt CEX: Simply follow the exchange's procedure â most probably, they will handle the conversion part on your behalf. đ
Why is this Upgrade Important? đ
The POL upgrade is what makes the Polygon network more secure, functional and future-ready. On top of it, this is a change powered by the community consensus â that's why it is even more significant. With extended capabilities and a long-term vision, POL will enable further growth and sustainability within the Polygon network.
The POL upgrade brings an exciting innovation to the Polygon ecosystem. With this change, you will be part of a more robust and flexible network đ
You don't need to take any action for the $MATIC tokens you hold on #Binance ; they will automatically be converted to POL tokens. đ
What's the POL Upgrade? đ€
It's the replacement of existing MATIC tokens with new POL tokens. POL will be the new native gas and staking token of the Polygon PoS network in the future. This upgrade aims to make the network more secure, versatile, and overall useful. So, in a nutshell, POL will play a really important part in Polygon's growth and expansion going forward. đ
How will this work? đ€ïž
Start Date: 4th September 2024 đ Automatic Conversion: MATIC holders on the Polygon PoS network need not worry, as their tokens will be automatically converted into POL. They can relax and just watch the migration! đManual Migration: Now, if your MATIC tokens exist on the Ethereum and Polygon zkEVM networks, or are simply deposited in centralized exchanges (CEX), you will have to manually migrate them into POL. This can be done using a migration contract or through decentralized exchanges (DEXs) such as 1inch and Kyber.
What to Do for MATIC Holders? đ ïž
On Polygon PoS: Nothing has to be done; all your MATIC tokens will be automatically converted to POL on September 4. đOn #Ethereumâ and Polygon zkEVM: You may use this migration contract directly to migrate your MATIC tokens to POL or do the migration via DEXes. đŠAt CEX: Simply follow the exchange's procedure â most probably, they will handle the conversion part on your behalf. đ
Why is this Upgrade Important? đ
The POL upgrade is what makes the Polygon network more secure, functional and future-ready. On top of it, this is a change powered by the community consensus â that's why it is even more significant. With extended capabilities and a long-term vision, POL will enable further growth and sustainability within the Polygon network.
The POL upgrade brings an exciting innovation to the Polygon ecosystem. With this change, you will be part of a more robust and flexible network đ
Binance Supports Kava EVM and Native USDT Integration
This partnership brings great benefits to both #Kava and #Binance . Here are the details:
Benefits for Binance:
1. Large User Base:
- @Binance has over 200 million users, and giving these users access to the $KAVA ecosystem is a great advantage for both parties.
2. Liquidity Provision:
- The integration of #USDT into Kava creates vast liquidity pools, significantly boosting trading volume.
3. Strong Partnership:
- The long-term and robust partnership between Binance and Kava helps the ecosystems benefit more from each other.
Benefits for the Kava Ecosystem:
1. Increased Liquidity:
- Integrations with USDT and $WBTC boost Kava's liquidity, creating more opportunities for users and developers.
2. Access to a Wider Audience:
- Binance's extensive user base helps Kava's ecosystem gain broader adoption.
3. Product Development:
- Listing Kava's native products on Binance becomes easier, promoting product innovation.
Benefits of WBTC Providing Liquidity to the Kava Ecosystem:
1. High Liquidity:
- WBTC brings $6.5 billion in liquidity, connecting with the #Ethereum(ETH) #DeFi ecosystem.
2. Security and Standards:
- WBTC, adhering to BitGo's strict ERC-20 standards, provides a secure source of liquidity.
Contributions of BitGo:
1. Trusted Custodian:
- BitGo ensures the secure storage of WBTC, increasing user confidence.
2. Compliance with ERC-20 Standards:
- BitGo's adherence to standards ensures the smooth operation of WBTC within the Kava ecosystem.
Expectations from the Integration of Binance and Kava EVM:
1. Increased Liquidity:
- Liquidity of USDT and WBTC between the EVM and Cosmos networks will increase.
2. User Experience:
- Binance users will easily access the Kava ecosystem, promoting greater adoption and usage.
3. Market Dynamics:
- The value of $BTC and USDT liquidity pools will greatly contribute to developing the Kava ecosystem.
This integration showcases a significant innovation in the crypto world by offering opportunities for both Kava and Binance users.
Benefits for Binance:
1. Large User Base:
- @Binance has over 200 million users, and giving these users access to the $KAVA ecosystem is a great advantage for both parties.
2. Liquidity Provision:
- The integration of #USDT into Kava creates vast liquidity pools, significantly boosting trading volume.
3. Strong Partnership:
- The long-term and robust partnership between Binance and Kava helps the ecosystems benefit more from each other.
Benefits for the Kava Ecosystem:
1. Increased Liquidity:
- Integrations with USDT and $WBTC boost Kava's liquidity, creating more opportunities for users and developers.
2. Access to a Wider Audience:
- Binance's extensive user base helps Kava's ecosystem gain broader adoption.
3. Product Development:
- Listing Kava's native products on Binance becomes easier, promoting product innovation.
Benefits of WBTC Providing Liquidity to the Kava Ecosystem:
1. High Liquidity:
- WBTC brings $6.5 billion in liquidity, connecting with the #Ethereum(ETH) #DeFi ecosystem.
2. Security and Standards:
- WBTC, adhering to BitGo's strict ERC-20 standards, provides a secure source of liquidity.
Contributions of BitGo:
1. Trusted Custodian:
- BitGo ensures the secure storage of WBTC, increasing user confidence.
2. Compliance with ERC-20 Standards:
- BitGo's adherence to standards ensures the smooth operation of WBTC within the Kava ecosystem.
Expectations from the Integration of Binance and Kava EVM:
1. Increased Liquidity:
- Liquidity of USDT and WBTC between the EVM and Cosmos networks will increase.
2. User Experience:
- Binance users will easily access the Kava ecosystem, promoting greater adoption and usage.
3. Market Dynamics:
- The value of $BTC and USDT liquidity pools will greatly contribute to developing the Kava ecosystem.
This integration showcases a significant innovation in the crypto world by offering opportunities for both Kava and Binance users.
AVALANCHE USES COMMUNITY POWER: ACP-77
On #Binance Square, people usually chat about #BTC #BNB $ETH $AVAX pricesâwill they go up, down, or stay the same? I like to focus on the broader blockchain world and its innovations. This time, Iâm excited to share a cool update from #avalanche !
For those who donât know, Avalanche was one of the first projects to collaborate with @DAO Labs and has a huge, loyal #SocialMining community. The social mining community rarely sells their tokens, creating a broad investor base. This positively impacts the token price. Theyâre harnessing the power of this community in various ways, including through ACPs.
Avalanche Community Proposals (ACPs) are part of Avalancheâs approach to including the community in governance. These proposals let the community suggest, discuss, and vote on changes to the Avalanche network. Itâs all about making the network more functional and efficient by encouraging community input.
ACP-77 is a great example of this collaborative process, bringing significant improvements to the Avalanche networkâs Subnet (private blockchain) mechanism:
Introducing a New Validator Type:
Subnet Validators: ACP-77 proposes a new validator type called "Subnet Validator." This aims to make it easier to launch and maintain private blockchains.
Lower Costs: It also reduces the registration fees and hardware requirements for validators, making it more accessible for developers.
Fee Structure:
Ongoing Payments: Instead of a large fee, ACP-77 suggests that Subnets make regular dynamic payments to the P-Chain. These fees vary based on the number of registered validators, aligning costs with network usage.
Cost Efficiency: The proposal aims to make Avalanche Subnets competitive with Celestia-based rollups in terms of cost, offering a more appealing alternative to other private blockchain solutions.
3. Contributions to the Gaming World:
More Affordable Costs: The improvements from ACP-77 make it cheaper for game developers to start and manage their Subnets. This allows game projects to scale more cost-effectively and offer more customization options with private blockchains.
Native Token Usage: Game projects can use the native tokens of Subnets to create new economic models for in-game transactions and rewards. This helps create stronger economic incentives and user engagement in games.
Better Performance and Lower Fees: With ACP-77, the cost-effective and performance-friendly infrastructure makes in-game transactions faster and cheaper. This means a better experience for players and lower transaction costs.
Comparison with Other Solutions:
Performance and Costs: The changes proposed by ACP-77 are designed to make Avalanche Subnets competitive with other solutions like Ethereum-based rollups and Cosmos appchains. This is achieved by increasing cost efficiency and reducing overall overhead.
Enhanced Tooling and Customization: Subnets under ACP-77 offer better tooling and customization compared to other solutions, providing a more flexible and adaptable blockchain infrastructure.
ACP-77 reflects Avalancheâs commitment to community-driven improvements and aims to enhance the performance, cost-effectiveness, and accessibility of private blockchain solutions. Plus, with its benefits for the gaming world, it supports game projects in the running more cost-effectively and with higher performance.
For those who donât know, Avalanche was one of the first projects to collaborate with @DAO Labs and has a huge, loyal #SocialMining community. The social mining community rarely sells their tokens, creating a broad investor base. This positively impacts the token price. Theyâre harnessing the power of this community in various ways, including through ACPs.
Avalanche Community Proposals (ACPs) are part of Avalancheâs approach to including the community in governance. These proposals let the community suggest, discuss, and vote on changes to the Avalanche network. Itâs all about making the network more functional and efficient by encouraging community input.
ACP-77 is a great example of this collaborative process, bringing significant improvements to the Avalanche networkâs Subnet (private blockchain) mechanism:
Introducing a New Validator Type:
Subnet Validators: ACP-77 proposes a new validator type called "Subnet Validator." This aims to make it easier to launch and maintain private blockchains.
Lower Costs: It also reduces the registration fees and hardware requirements for validators, making it more accessible for developers.
Fee Structure:
Ongoing Payments: Instead of a large fee, ACP-77 suggests that Subnets make regular dynamic payments to the P-Chain. These fees vary based on the number of registered validators, aligning costs with network usage.
Cost Efficiency: The proposal aims to make Avalanche Subnets competitive with Celestia-based rollups in terms of cost, offering a more appealing alternative to other private blockchain solutions.
3. Contributions to the Gaming World:
More Affordable Costs: The improvements from ACP-77 make it cheaper for game developers to start and manage their Subnets. This allows game projects to scale more cost-effectively and offer more customization options with private blockchains.
Native Token Usage: Game projects can use the native tokens of Subnets to create new economic models for in-game transactions and rewards. This helps create stronger economic incentives and user engagement in games.
Better Performance and Lower Fees: With ACP-77, the cost-effective and performance-friendly infrastructure makes in-game transactions faster and cheaper. This means a better experience for players and lower transaction costs.
Comparison with Other Solutions:
Performance and Costs: The changes proposed by ACP-77 are designed to make Avalanche Subnets competitive with other solutions like Ethereum-based rollups and Cosmos appchains. This is achieved by increasing cost efficiency and reducing overall overhead.
Enhanced Tooling and Customization: Subnets under ACP-77 offer better tooling and customization compared to other solutions, providing a more flexible and adaptable blockchain infrastructure.
ACP-77 reflects Avalancheâs commitment to community-driven improvements and aims to enhance the performance, cost-effectiveness, and accessibility of private blockchain solutions. Plus, with its benefits for the gaming world, it supports game projects in the running more cost-effectively and with higher performance.
This nice article about ( $AVAX ) #Avalanche 's new community proposal ACP--77 will be of interest to all #Binance users.
LIVEGuvenerZoe
--
An Avalanche of Innovation - ACP-77
Avalanche ($AVAX ) is a decentralized, open-source blockchain platform designed to create highly scalable, interoperable, and customizable blockchain networks and decentralized applications (dApps). Launched in September 2020 by @DAO Labs â revolutionary #SocialMining concept, #AvalancheAVAX aims to combine the best features of existing blockchain technologies, including Ethereum ($ETH ) and @Polygon ( $MATIC ), but seeks to answer their limitations. Currently in 10th place according to the CMC index for July 26, 2024, Avalanche Hub, the brainchild of E. G. Sirer and his proteges, Avalanche Hub has become a standard bearer in the blockchain world, known for its strong governance and active community involvement.
Sirer said in his tweet today âThe best blockchain technology is like magic. It just works without anyone being aware of how it does.â I think this view is showcased through proposals like ACP-77, which highlight Avalanche Hub's collaborative and inclusive governance approach.
So, what is ACP-77?
ACP-77 is a proposal designed to make the Avalanche network stronger. The idea is to introduce new validator types and make it easier as well as cheaper to launch dedicated blockchains, called Subnets. This proposal has features like new validator types to lower hardware requirements for those wishing to become validators, and a continuous fee model for Subnets to pay the P-Chain, spreading out costs over time instead of requiring a large initial investment. The proposa also addresses the need to keep improving interactions between different blockchains within the Avalanche network, particularly through the Avalanche Web Machine (AWM).
If we compare Sharding, Appchains and Subnets, here are the main takeaways: Â
Ethereum 2.0 and Sharding: Ethereum 2.0 uses sharding to split the network into smaller pieces (shards) that process transactions in parallel. This is similar to how Subnets work but with less flexibility. Avalanche Subnets offer more customization options for developers, while Ethereum 2.0 shards are more uniform.
Cosmos and Appchains: Cosmos has appchains, independent blockchains that connect through the Cosmos Hub. This is quite like Avalanche Subnets. Both systems allow for customization, but Avalancheâs unique consensus protocol might offer different advantages in performance and interoperability.
Why Are Subnets Awesome?
Subnets allow Avalanche to support a high volume of transactions without slowing down, making it perfect for large-scale applications. Developers can create specialized blockchains for different industries, from finance to gaming, made to order for specific needs and regulations. Each Subnet can have its own security measures, and this increases the overall security of the whole ecosystem.
ACP-77, Â integrating continuous fee mechanisms for Subnets to contribute to the P-Chain, is just one more Avalanche signpost on the path to a sustainable, equitable and economically viable blockchain environment.
Community-Centric Governance
As we already pointed out, Avalanche Hub is not just about technology; it's about people. The ACP-77 proposal is a perfect example of how Avalanche Hub involves its community in governance. This proposal was discussed and refined with input from the community, so that everyone has a voice in the network's development. This sense of ownership is what builds up a stronger, more committed community.
The Role of Social Mining
Avalanche Hub has been a partner since its testnet days in the DAO Labs' Social Mining project, where it has developed the largest and most engaged community. Social Mining is a unique concept that provides regular income to participants while building strong, informed communities deeply invested in the projects they support. Avalanche Hubâs growth from scratch to the leading Social Mining hub is a testament to the power of this model. It not only rewards community contributions but also encourages members to be active stakeholders in governance and development.
Conclusion
What makes Avalanche Hub a blockchain leader? Inclusive governance, strong community foundation, and their focus on ecosystem sustainability. The ACP-77 proposal is another symbol of Avalanche Hubâs community insights and innovative ideas to drive growth and long-term sustainability. As Avalanche Hub and its community-driven approach keep forging ahead, their footprint only grows larger.
Disclaimer: All the information provided in this article are for informative and educational purposes, and are not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!
Sirer said in his tweet today âThe best blockchain technology is like magic. It just works without anyone being aware of how it does.â I think this view is showcased through proposals like ACP-77, which highlight Avalanche Hub's collaborative and inclusive governance approach.
So, what is ACP-77?
ACP-77 is a proposal designed to make the Avalanche network stronger. The idea is to introduce new validator types and make it easier as well as cheaper to launch dedicated blockchains, called Subnets. This proposal has features like new validator types to lower hardware requirements for those wishing to become validators, and a continuous fee model for Subnets to pay the P-Chain, spreading out costs over time instead of requiring a large initial investment. The proposa also addresses the need to keep improving interactions between different blockchains within the Avalanche network, particularly through the Avalanche Web Machine (AWM).
If we compare Sharding, Appchains and Subnets, here are the main takeaways: Â
Ethereum 2.0 and Sharding: Ethereum 2.0 uses sharding to split the network into smaller pieces (shards) that process transactions in parallel. This is similar to how Subnets work but with less flexibility. Avalanche Subnets offer more customization options for developers, while Ethereum 2.0 shards are more uniform.
Cosmos and Appchains: Cosmos has appchains, independent blockchains that connect through the Cosmos Hub. This is quite like Avalanche Subnets. Both systems allow for customization, but Avalancheâs unique consensus protocol might offer different advantages in performance and interoperability.
Why Are Subnets Awesome?
Subnets allow Avalanche to support a high volume of transactions without slowing down, making it perfect for large-scale applications. Developers can create specialized blockchains for different industries, from finance to gaming, made to order for specific needs and regulations. Each Subnet can have its own security measures, and this increases the overall security of the whole ecosystem.
ACP-77, Â integrating continuous fee mechanisms for Subnets to contribute to the P-Chain, is just one more Avalanche signpost on the path to a sustainable, equitable and economically viable blockchain environment.
Community-Centric Governance
As we already pointed out, Avalanche Hub is not just about technology; it's about people. The ACP-77 proposal is a perfect example of how Avalanche Hub involves its community in governance. This proposal was discussed and refined with input from the community, so that everyone has a voice in the network's development. This sense of ownership is what builds up a stronger, more committed community.
The Role of Social Mining
Avalanche Hub has been a partner since its testnet days in the DAO Labs' Social Mining project, where it has developed the largest and most engaged community. Social Mining is a unique concept that provides regular income to participants while building strong, informed communities deeply invested in the projects they support. Avalanche Hubâs growth from scratch to the leading Social Mining hub is a testament to the power of this model. It not only rewards community contributions but also encourages members to be active stakeholders in governance and development.
Conclusion
What makes Avalanche Hub a blockchain leader? Inclusive governance, strong community foundation, and their focus on ecosystem sustainability. The ACP-77 proposal is another symbol of Avalanche Hubâs community insights and innovative ideas to drive growth and long-term sustainability. As Avalanche Hub and its community-driven approach keep forging ahead, their footprint only grows larger.
Disclaimer: All the information provided in this article are for informative and educational purposes, and are not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!
The ACP-77 expression is a new solution that aims to strengthen validators of specific subnets in the #avalanche blockchain ecosystem. I recommend you read this article, which I think will also be of interest to #Binance users.
LIVEVictoria Flores-OriaOres
--
The proposed PAYG Subnet Validators (ACP-77) of the Avalanche network
When it comes to computers, a Subnet is a range of logical addresses, necessary when a network becomes very large, it is advisable to divide it into subnets to optimize and make the use and efficiency of the network more flexible. Source: Wikipedia.
The proposed PAYG Subnet Validators (ACP-77) of the Avalanche network
The ACP-77 proposal proposes to reinvent subnets in the Avalanche network $AVAX , it is a new way to fulfill the objective of subnets, so that developers feel attracted and comfortable with the features to create validator nodes of specific or dedicated subnets within the network #avalanche .
The proposed PAYG Subnet Validators (ACP-77) of the Avalanche network
The ACP-77 proposal proposes to reinvent subnets in the Avalanche network $AVAX , it is a new way to fulfill the objective of subnets, so that developers feel attracted and comfortable with the features to create validator nodes of specific or dedicated subnets within the network #avalanche .
See original
Short Term Expectations in Solana
I find Square very useful and I plan to continue my writing.
today's location
. Why is it having busy hours and what might happen in the short term?
Solana (
) cryptocurrency,
It became popular again thanks to the craze and ETF rumors. It reached its highest value of $260 in November 2021. This year it peaked at $200 but is currently trading around $170.
Some experts think Solana could rise to $260 again. If it can reach $200 in the short term, its price could rise further. Increased network usage may increase demand for Solana.
today's location
. Why is it having busy hours and what might happen in the short term?
Solana (
) cryptocurrency,
It became popular again thanks to the craze and ETF rumors. It reached its highest value of $260 in November 2021. This year it peaked at $200 but is currently trading around $170.
Some experts think Solana could rise to $260 again. If it can reach $200 in the short term, its price could rise further. Increased network usage may increase demand for Solana.
WAX Blockchain Reshapes the World of Artificial Intelligence with MeromAI
@WAX Blockchain has announced MeromAI. Hopefully, this project will catch #Binance 's attention as well. Everyone knows about $BTC , $ETH , #DOGE , and $BNB , but there's a great need for such innovations in the #Bitcoin world.
What is MeromAI?
MeromAI is an open-source artificial intelligence (AI) platform powered by human contributions. It is the first AI project to operate with a token on the WAX blockchain.
Features of MeromAI:
Open Source: Uses AI models that anyone can contribute to and develop.
Decentralized: A system where everyone can contribute to shaping the future of AI.
Community Participation: Users can earn points by providing computing power, asking questions, and evaluating answers.
AI Training and Development: Users contribute to training and developing AI models.
Contributions to WAX Blockchain đ
MeromAI's operation on the WAX blockchain provides various benefits to the WAX ecosystem:
New Users: Attracts new users to the WAX community.
High Engagement: Ensures high engagement and participation among users.
Economic Activity: Increases economic activity as $AIMR tokens are traded on the WAX blockchain.
Technological Innovations: Leads technological innovations with MeromAI's decentralized AI vision.
Thousands have participated in the Weekly Challenge system,
which awarded $3600 - 100 each week over the past 36 weeks.
Meromai Phase 2 Roadmap
MeromAI and DAOLab's Social Mining đ ïž
MeromAI's community-focused approach is similar to @DAO Labs 's #SocialMining Both platforms reward users for their contributions:
Participant Rewards: Users earn $AIMR tokens on MeromAI, while those involved in social mining on DAO Labs are rewarded with #USDT and project tokens.
Decentralization: Both projects establish a decentralized structure by distributing control to community members.
Collaboration and Contribution: Encourage active participation of users, fostering the growth of their ecosystems.
MeromAI is shaping the future of AI with its open-source, decentralized, and community-focused structure. đđĄ
What is MeromAI?
MeromAI is an open-source artificial intelligence (AI) platform powered by human contributions. It is the first AI project to operate with a token on the WAX blockchain.
Features of MeromAI:
Open Source: Uses AI models that anyone can contribute to and develop.
Decentralized: A system where everyone can contribute to shaping the future of AI.
Community Participation: Users can earn points by providing computing power, asking questions, and evaluating answers.
AI Training and Development: Users contribute to training and developing AI models.
Contributions to WAX Blockchain đ
MeromAI's operation on the WAX blockchain provides various benefits to the WAX ecosystem:
New Users: Attracts new users to the WAX community.
High Engagement: Ensures high engagement and participation among users.
Economic Activity: Increases economic activity as $AIMR tokens are traded on the WAX blockchain.
Technological Innovations: Leads technological innovations with MeromAI's decentralized AI vision.
Thousands have participated in the Weekly Challenge system,
which awarded $3600 - 100 each week over the past 36 weeks.
Meromai Phase 2 Roadmap
MeromAI and DAOLab's Social Mining đ ïž
MeromAI's community-focused approach is similar to @DAO Labs 's #SocialMining Both platforms reward users for their contributions:
Participant Rewards: Users earn $AIMR tokens on MeromAI, while those involved in social mining on DAO Labs are rewarded with #USDT and project tokens.
Decentralization: Both projects establish a decentralized structure by distributing control to community members.
Collaboration and Contribution: Encourage active participation of users, fostering the growth of their ecosystems.
MeromAI is shaping the future of AI with its open-source, decentralized, and community-focused structure. đđĄ
LIVEGuvenerZoe
--
Spot Ethereum ETF â SEC, Eric Balchunas, and the story of a launch
As a @DAO Labs #SocialMining enthusiast, I closely follow $ETH , $BTC and altcoins such as $BNB , #AVAXâ
, #MATICâ
and #KAVA that are already buzzwords among the discerning investors and traders. Eric Balchunas of Bloomberg seems very sure that July 18 2024 will be the date for the spot Ethereum ETF launch. $ETHE, $CETH, $ETHA and $ETHV are already named but Invesco Galaxy, Franklin, Bitwise, and PRO Shares III have also either registered or updated their registrations.
Source: SEC EDGAR, July 13, 2024, for educational purposes only
So, what does that mean? Who and what are these? If you are asking yourself these, you are not alone. As I am a beginner myself, I have been trying to understand through reading and research. Let us explore together to see if we can make sense of all these names and figures.
To start with, the Dramatis Personae:
SEC, or the Securities and Exchange Commission. Currently chaired by Gary Gensler, SEC is responsible for looking after investor interests by policing the securities markets.
Ethereum. After Bitcoin, the most important cryptocurrency. In addition to its native Ether coin, its blockchain includes decentralized apps (Dapps) and non-fungible tokens (NFTs). (Let me know if you would like to know more about these, and I will write a separate article.) Since 2022, Ethereum has been using a system of coin creation called Proof of Stake (Basically, if you want to validate someoneâs work, you need to stake your own coins first and this collateral is proof of your good faith, as you would lose more than you gain). This PoS makes it faster.
ETF. Â Exchange-traded fund. Simply means you can use it to trade on the exchange markets.
Spot ETFs (Exchange-Traded Funds). If you hold a spot exchange-traded fund, you actually hold an asset. These could be cryptocurrencies, stocks, commodities or bonds. So, your asset price will reflect the current immediately available price of the asset.
Strategy ETFs (or Thematic ETFs). If you hold a strategy asset, you do not actually hold the asset. You use other trading tools, such as a futures contract. So the value of your asset will NOT reflect the current immediately available price of the asset.
Eric Balchunas (on X, @EricBalchunas): A senior ETF Analyst for Bloomberg, Eric Balchunas is known for accurately predicting some key ETF-related events.
$ETHE â Grayscale Investmentsâ product tied to ETH. Not an altcoin.
$CETH â 21Shares Core Ethereum ETF is another product tied to ETH. Not an altcoin.
$ETHA â iShares Ethereum Trust ETFÂ is a third product tied to ETH. Not an altcoin.
$ETHV â VanEck's Ethereum ETF is yet another product tied to ETH. Not an altcoin.
So, these are our key named players. What do they do? Why should you care?
Cryptocurrencies are finally looking like they are here to stay, and more and more of the key players from previously skeptical sectors want a piece of the action. Following the success of Bitcoin ETFs, analysts such as the inimitable Mr Balchunas predict âETH could capture up to 20% of the assets under management (AUM) that BTC ETFs have â(See Source 5). Additionally, Spot ETFs are expected to open the crypto markets to investors who are not allowed to trade in crypto, such as 410(k) and IRA investors.
Are there disadvantages in spot Ethereum ETFs? Like with everything else in the world, yes. You cannot get staking rewards for your investment. Since these rewards themselves could be sizable, it is a choice you will need to make.
We as the Social Mining Community know that BTC is digital gold, and that ETH EFTs will break the door wide open for the altcoins we love and trust - BNB, AVAX, MATIC, KAVA, TON. Social Mining is for all markets bearish or bullish, but we do have our own projects that we root for.
It is an exciting time. With a potential Solana ETF move in the works, it could get truly lively. And, you. How will you go forward? What is your next move? Do tell!
Disclaimer: All the information provided in this article are for informative and educational purposes, and are not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!
Sources:
SECNerdwalletNasdaqCointelegraphCryptopotato
Source: SEC EDGAR, July 13, 2024, for educational purposes only
So, what does that mean? Who and what are these? If you are asking yourself these, you are not alone. As I am a beginner myself, I have been trying to understand through reading and research. Let us explore together to see if we can make sense of all these names and figures.
To start with, the Dramatis Personae:
SEC, or the Securities and Exchange Commission. Currently chaired by Gary Gensler, SEC is responsible for looking after investor interests by policing the securities markets.
Ethereum. After Bitcoin, the most important cryptocurrency. In addition to its native Ether coin, its blockchain includes decentralized apps (Dapps) and non-fungible tokens (NFTs). (Let me know if you would like to know more about these, and I will write a separate article.) Since 2022, Ethereum has been using a system of coin creation called Proof of Stake (Basically, if you want to validate someoneâs work, you need to stake your own coins first and this collateral is proof of your good faith, as you would lose more than you gain). This PoS makes it faster.
ETF. Â Exchange-traded fund. Simply means you can use it to trade on the exchange markets.
Spot ETFs (Exchange-Traded Funds). If you hold a spot exchange-traded fund, you actually hold an asset. These could be cryptocurrencies, stocks, commodities or bonds. So, your asset price will reflect the current immediately available price of the asset.
Strategy ETFs (or Thematic ETFs). If you hold a strategy asset, you do not actually hold the asset. You use other trading tools, such as a futures contract. So the value of your asset will NOT reflect the current immediately available price of the asset.
Eric Balchunas (on X, @EricBalchunas): A senior ETF Analyst for Bloomberg, Eric Balchunas is known for accurately predicting some key ETF-related events.
$ETHE â Grayscale Investmentsâ product tied to ETH. Not an altcoin.
$CETH â 21Shares Core Ethereum ETF is another product tied to ETH. Not an altcoin.
$ETHA â iShares Ethereum Trust ETFÂ is a third product tied to ETH. Not an altcoin.
$ETHV â VanEck's Ethereum ETF is yet another product tied to ETH. Not an altcoin.
So, these are our key named players. What do they do? Why should you care?
Cryptocurrencies are finally looking like they are here to stay, and more and more of the key players from previously skeptical sectors want a piece of the action. Following the success of Bitcoin ETFs, analysts such as the inimitable Mr Balchunas predict âETH could capture up to 20% of the assets under management (AUM) that BTC ETFs have â(See Source 5). Additionally, Spot ETFs are expected to open the crypto markets to investors who are not allowed to trade in crypto, such as 410(k) and IRA investors.
Are there disadvantages in spot Ethereum ETFs? Like with everything else in the world, yes. You cannot get staking rewards for your investment. Since these rewards themselves could be sizable, it is a choice you will need to make.
We as the Social Mining Community know that BTC is digital gold, and that ETH EFTs will break the door wide open for the altcoins we love and trust - BNB, AVAX, MATIC, KAVA, TON. Social Mining is for all markets bearish or bullish, but we do have our own projects that we root for.
It is an exciting time. With a potential Solana ETF move in the works, it could get truly lively. And, you. How will you go forward? What is your next move? Do tell!
Disclaimer: All the information provided in this article are for informative and educational purposes, and are not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!
Sources:
SECNerdwalletNasdaqCointelegraphCryptopotato
Bitcoin Sales and Geopolitical Implications: The Role of the German Government
In these days when the #Bitcoin market is stagnant, our eyes are on the #Binance screen, $BTC , $ETH and $BNB prices. We are waiting for this stagnation to pass đ
While I thought Bitcoin would exceed 70k, it fell to 54k levels. What were the reasons for this? In fact, there is no reason to fall so much, but people we call whales use some news to create an atmosphere of fear and fuel sales to collect #BTC cheaper.
The news used this time was the repayments of MT Gox and the news that the German government would sell, which started immediately afterward. MT Gox is an old story anyway. I researched the German government's sales and would like to share it with you.
Earlier this year, the German Federal Criminal Police Office (BKA) seized 49,857 BTC from the operators of Movie2k.to, a privacy site shut down in 2013. Since mid-June, the government has sold more than 10,000 of these BTC, which has put downward pressure on Bitcoin's price.
To mitigate the negative effects of this situation, Tron founder Justin Sun offered the German government to buy BTCs off-market.
In addition, some observers think that Germany's sales are a geopolitical mistake. The Blockware Intelligence newsletter noted that it is a strategic blunder for governments to sell a scarce asset like bitcoin because fiat currencies can be easily printed.
According to @Arkham 's data, Germany currently holds 39,826 BTC worth $2.2 billion, which could create potential selling pressure. This represents about 9 percent of Bitcoin's daily trading volume and could cause price turbulence.
Ki Young Ju, CEO of CryptoQuant, stated that the Bitcoin market is affected by psychological operations.
Analyst Alex KrĂŒger suggested that the German government is in the final phase of BTC sales and that the market can absorb these sales.
Daan Crypto, on the other hand, thinks that the weight of government sales in the market will decrease over time.
These sales have affected the price of Bitcoin, and BTC is currently trading at $ 57,200, down from $ 65,000 when the sales started, which means a drop of about 11 percent.
According to a report I received this evening, after today's transactions, only 4925 BTC worth $ 285 million remained in wallets linked to German authorities. When assets began to be sold three weeks ago, the wallets held 50 thousand BTC worth $ 3 billion.
I have already mentioned that such news is used as a selling opportunity. In the medium and long term, the crypto market will continue its upward journey again.
In such stagnant times, the most reliable way to make money in this market is #SocialMining As a member of the platforms offered by @DAO Labs , you can prepare content and earn income.
I hope to write an article with better news next week...
While I thought Bitcoin would exceed 70k, it fell to 54k levels. What were the reasons for this? In fact, there is no reason to fall so much, but people we call whales use some news to create an atmosphere of fear and fuel sales to collect #BTC cheaper.
The news used this time was the repayments of MT Gox and the news that the German government would sell, which started immediately afterward. MT Gox is an old story anyway. I researched the German government's sales and would like to share it with you.
Earlier this year, the German Federal Criminal Police Office (BKA) seized 49,857 BTC from the operators of Movie2k.to, a privacy site shut down in 2013. Since mid-June, the government has sold more than 10,000 of these BTC, which has put downward pressure on Bitcoin's price.
To mitigate the negative effects of this situation, Tron founder Justin Sun offered the German government to buy BTCs off-market.
In addition, some observers think that Germany's sales are a geopolitical mistake. The Blockware Intelligence newsletter noted that it is a strategic blunder for governments to sell a scarce asset like bitcoin because fiat currencies can be easily printed.
According to @Arkham 's data, Germany currently holds 39,826 BTC worth $2.2 billion, which could create potential selling pressure. This represents about 9 percent of Bitcoin's daily trading volume and could cause price turbulence.
Ki Young Ju, CEO of CryptoQuant, stated that the Bitcoin market is affected by psychological operations.
Analyst Alex KrĂŒger suggested that the German government is in the final phase of BTC sales and that the market can absorb these sales.
Daan Crypto, on the other hand, thinks that the weight of government sales in the market will decrease over time.
These sales have affected the price of Bitcoin, and BTC is currently trading at $ 57,200, down from $ 65,000 when the sales started, which means a drop of about 11 percent.
According to a report I received this evening, after today's transactions, only 4925 BTC worth $ 285 million remained in wallets linked to German authorities. When assets began to be sold three weeks ago, the wallets held 50 thousand BTC worth $ 3 billion.
I have already mentioned that such news is used as a selling opportunity. In the medium and long term, the crypto market will continue its upward journey again.
In such stagnant times, the most reliable way to make money in this market is #SocialMining As a member of the platforms offered by @DAO Labs , you can prepare content and earn income.
I hope to write an article with better news next week...
I recommend reading this in-depth review of #RangoExchange powered by #Binance Labs.
LIVEMetaverseJR
--
Binance Labs and Rango: Cross-Chain Innovation in the Web3 Era
$ARKM $LISTA $GMT
Binance Labs, the venture capital and incubation arm of the world's largest cryptocurrency exchange, continues to invest in Web3 technologies. As a @DAO Labs social miner, I analyzed @Binance Labs ' investment portfolio tested the implementation of its latest investment #RangoExchange and gave my opinion on the project. So what does this investment mean for the evolution of cross-chain technologies and decentralized finance (DeFi)? Let's take a look at all the details together.
Part 1: Binance Labs Portfolio Analysis: Value-Creating Investments in the Crypto World
With a focus on fostering growth in the blockchain industry, Binance Labs has always proven to be effective in supporting and investing in promising cryptocurrency projects.
Key Stats:
The portfolio covers more than 250 projects from more than 25 countries around the world,The impressive average return on investment of 14x,50% of these projects have gone through comprehensive incubation programs.
Binance Labs' Return on Investment (ROI) Comparison
When we look at Binance Labs' portfolio in general, we see that it consists of projects with excellent returns. Especially when Retail ROI is considered, projects such as MATIC, AXS, EGLD, SAND, ARKM, LISTA, ID, GMT, EDU, and CTSI stand out with their very high ROI.
This chart also shows that the 2019-2022 period launches (other than Arkham, Lista DAO, ID, and EDU) have shown higher investment performance... I think the overall uptrend of the market in this period and Binance's strong ecosystem also had a big impact.
Comparing All-Time Highs (ATH) of Projects in Binance Labs' Portfolio
Until early 2022, the projects in the portfolio showed a generally positive outlook. However, the Binance Labs portfolio seems to have been negatively affected by the deterioration of the overall cryptocurrency market conditions in late 2022 and 2023 to the present.
Taking a long-term view, Binance Labs has a successful portfolio. While many projects are well below ATH levels, they still have significant volume and valuations (GMT, ALICE, ALPHA, FINE, HIGH, ONE, etc.).
Fluctuations in the Value of Coins in Binance Labs' Portfolio
Binance Labs usually invests in quality early-stage projects. The chart below shows the price fluctuations of 10 of these projects over the years.
Given the market volatility over the last five years, it may make sense to follow the projects in Binance Labs' portfolio. In the short term, I think the projects in the portfolio will react to market conditions, but in the long term, quality projects will always be at the forefront.
Part 2: Rango Exchange: Cross-Chain Solutions for a Decentralized Future
Binance Labs' investment in #Rango Exchange represents a pivotal moment in the evolution of decentralized finance (DeFi). As a cross-chain decentralized exchange (DEX) and bridge aggregator, Rango is the most important solution in the cross-chain ecosystem. Rango aims to process more than 90% of the cross-chain DeFi volume in the future, covering all major blockchains in the crypto market.
Why Rango is Important to Binance Labs
Interoperability: Rango's cross-chain capabilities address the growing need for seamless interaction between different blockchain networks
Web3 Adoption: Rango accelerates Web3 adoption by simplifying cross-chain transactions, making DeFi accessible to a wider audience.Strategic Alignment: This investment strengthens Binance's commitment to the multi-chain ecosystem, positioning it as a leader in cross-chain innovation.Improved DeFi Accessibility: Rango's integration with popular wallets and dApps enables the expansion of access to DeFi services to millions of users.
Part 3: Rango User Guide: Step-by-Step Process Bridging and User Experience
Rango's user-friendly interface and extensive blockchain support make it an ideal platform for both new and experienced users. Let's take a closer look at how to use Rango.
Especially for new users, I have prepared an infographic with screenshots of how to use the platform. If you follow the steps in this infographic, you will be able to complete your first transactions on the platform much faster and smoother. Now, I would like to share my insights from the testing phase.
When we open the application from the link https://app.rango.exchange/, a simple and familiar interface welcomes us. As an experienced user, I had no difficulty in figuring out where to set slippage settings, how to connect the wallet, and where to select the network and tokens for swaps and bridging.
When I tested the swap, the listing of options in the Routes window was quite detailed for a user like me who always prefers to do low-cost operations and put speed on the back burner. Inevitably, I felt the need to examine the list until the end and still selected the recommended option and started the process. But then I realized that there were options in the upper right part of the window and the suggestions would be listed according to my preference. I proceeded with these preferences in my next process.
Maybe it was just me because I was using the Metamask wallet during this test, but the metamask window stuck on every confirmation screen. Especially the transaction limit and the confirmation window after it did not open automatically. Since I saw a warning on the metamask application, I opened the window myself and confirmed. By the way, both my browser and Metamask versions are up to date.
Despite these minor glitches, my Linea to Avalanche bridging process went smoothly and quickly. I did the same with an Ethereum to Arbitrum swap, and it was much faster with a fraction of the estimated transaction time and cost. I'll also give you another little tip. After connecting your wallet to the application, if you examine your wallet details on the top right of the screen, you will be done with the problem of "Which token from which network can I swap". I like this feature and I'm sure it will save time for all users.
In conclusion; Rango, strengthened by Binance Labs' investment, seems to have the potential to make life easier for users in the multi-chain finance world and unlock the potential of DeFi. As a user, I can personally say that I will be doing more transactions on Rango from now on.
Sources:
CryptoRankCoinMarketCapRango Exchange UpdatesBinance Blog
Binance Labs, the venture capital and incubation arm of the world's largest cryptocurrency exchange, continues to invest in Web3 technologies. As a @DAO Labs social miner, I analyzed @Binance Labs ' investment portfolio tested the implementation of its latest investment #RangoExchange and gave my opinion on the project. So what does this investment mean for the evolution of cross-chain technologies and decentralized finance (DeFi)? Let's take a look at all the details together.
Part 1: Binance Labs Portfolio Analysis: Value-Creating Investments in the Crypto World
With a focus on fostering growth in the blockchain industry, Binance Labs has always proven to be effective in supporting and investing in promising cryptocurrency projects.
Key Stats:
The portfolio covers more than 250 projects from more than 25 countries around the world,The impressive average return on investment of 14x,50% of these projects have gone through comprehensive incubation programs.
Binance Labs' Return on Investment (ROI) Comparison
When we look at Binance Labs' portfolio in general, we see that it consists of projects with excellent returns. Especially when Retail ROI is considered, projects such as MATIC, AXS, EGLD, SAND, ARKM, LISTA, ID, GMT, EDU, and CTSI stand out with their very high ROI.
This chart also shows that the 2019-2022 period launches (other than Arkham, Lista DAO, ID, and EDU) have shown higher investment performance... I think the overall uptrend of the market in this period and Binance's strong ecosystem also had a big impact.
Comparing All-Time Highs (ATH) of Projects in Binance Labs' Portfolio
Until early 2022, the projects in the portfolio showed a generally positive outlook. However, the Binance Labs portfolio seems to have been negatively affected by the deterioration of the overall cryptocurrency market conditions in late 2022 and 2023 to the present.
Taking a long-term view, Binance Labs has a successful portfolio. While many projects are well below ATH levels, they still have significant volume and valuations (GMT, ALICE, ALPHA, FINE, HIGH, ONE, etc.).
Fluctuations in the Value of Coins in Binance Labs' Portfolio
Binance Labs usually invests in quality early-stage projects. The chart below shows the price fluctuations of 10 of these projects over the years.
Given the market volatility over the last five years, it may make sense to follow the projects in Binance Labs' portfolio. In the short term, I think the projects in the portfolio will react to market conditions, but in the long term, quality projects will always be at the forefront.
Part 2: Rango Exchange: Cross-Chain Solutions for a Decentralized Future
Binance Labs' investment in #Rango Exchange represents a pivotal moment in the evolution of decentralized finance (DeFi). As a cross-chain decentralized exchange (DEX) and bridge aggregator, Rango is the most important solution in the cross-chain ecosystem. Rango aims to process more than 90% of the cross-chain DeFi volume in the future, covering all major blockchains in the crypto market.
Why Rango is Important to Binance Labs
Interoperability: Rango's cross-chain capabilities address the growing need for seamless interaction between different blockchain networks
Web3 Adoption: Rango accelerates Web3 adoption by simplifying cross-chain transactions, making DeFi accessible to a wider audience.Strategic Alignment: This investment strengthens Binance's commitment to the multi-chain ecosystem, positioning it as a leader in cross-chain innovation.Improved DeFi Accessibility: Rango's integration with popular wallets and dApps enables the expansion of access to DeFi services to millions of users.
Part 3: Rango User Guide: Step-by-Step Process Bridging and User Experience
Rango's user-friendly interface and extensive blockchain support make it an ideal platform for both new and experienced users. Let's take a closer look at how to use Rango.
Especially for new users, I have prepared an infographic with screenshots of how to use the platform. If you follow the steps in this infographic, you will be able to complete your first transactions on the platform much faster and smoother. Now, I would like to share my insights from the testing phase.
When we open the application from the link https://app.rango.exchange/, a simple and familiar interface welcomes us. As an experienced user, I had no difficulty in figuring out where to set slippage settings, how to connect the wallet, and where to select the network and tokens for swaps and bridging.
When I tested the swap, the listing of options in the Routes window was quite detailed for a user like me who always prefers to do low-cost operations and put speed on the back burner. Inevitably, I felt the need to examine the list until the end and still selected the recommended option and started the process. But then I realized that there were options in the upper right part of the window and the suggestions would be listed according to my preference. I proceeded with these preferences in my next process.
Maybe it was just me because I was using the Metamask wallet during this test, but the metamask window stuck on every confirmation screen. Especially the transaction limit and the confirmation window after it did not open automatically. Since I saw a warning on the metamask application, I opened the window myself and confirmed. By the way, both my browser and Metamask versions are up to date.
Despite these minor glitches, my Linea to Avalanche bridging process went smoothly and quickly. I did the same with an Ethereum to Arbitrum swap, and it was much faster with a fraction of the estimated transaction time and cost. I'll also give you another little tip. After connecting your wallet to the application, if you examine your wallet details on the top right of the screen, you will be done with the problem of "Which token from which network can I swap". I like this feature and I'm sure it will save time for all users.
In conclusion; Rango, strengthened by Binance Labs' investment, seems to have the potential to make life easier for users in the multi-chain finance world and unlock the potential of DeFi. As a user, I can personally say that I will be doing more transactions on Rango from now on.
Sources:
CryptoRankCoinMarketCapRango Exchange UpdatesBinance Blog
Discovering Omni Network
Today, I would like to introduce you to a relatively new token called @OMNI Network Please note that this is not investment advice, just my personal opinion.
Omni Network [ $OMNI ) launched in April and is traded on several exchanges, including #Binance with pairs such as $BTC and #USDT From my observations, their only missing feature is not having an active community strength towards the project, which can be improved through #SocialMining contributions. They are giving the token more recognition in the crypto space with noticeable stats from @DAO Labs
Now, let's look at the technical details of the Omni token:
Omni Network ( #OMNI ):
âȘïžPurpose and Function:
Omni Network is a layer 1 blockchain designed to address fragmentation within the #Ethereum ecosystem. While Ethereum scales through isolated execution environments known as rollups, Omni Network is a unifying layer connecting these disparate ecosystems.
âȘïžFeatures:
- Unifying Layer: Enables developers to create global applications with default access to Ethereum's liquidity and user base.
- Security and Performance: A network that is natively secure and externally validated.
- Global Compatibility: Ensures global compatibility by unifying different ecosystems.
Omni's Historical Price Levels:
- Omni token, like almost every token listed on Binance launchpad, reached high levels on its launch day and then adjusted according to market conditions. It reached its all-time high (ATH) on April 17, 2024, at $53.81 and saw its lowest level on June 18, 2024, at $12.88. At the time of writing, it is only 10% above its lowest level, indicating potential for an upward trend.
Market Value and Token Unlocking:
- Currently, its market value is approximately $147,270,000. The token unlocks are spread out until 2028, which is a positive aspect, as it prevents inflation issues with no massive monthly token releases.
- Token Distribution (According to CMC data):
- Investors: 36.69%
- Team: 40.41%
- Advisors: 5.94%
- Public Launch: 16.95%
Omni Network stands out with its promising features and strategic token distribution.
Omni Network [ $OMNI ) launched in April and is traded on several exchanges, including #Binance with pairs such as $BTC and #USDT From my observations, their only missing feature is not having an active community strength towards the project, which can be improved through #SocialMining contributions. They are giving the token more recognition in the crypto space with noticeable stats from @DAO Labs
Now, let's look at the technical details of the Omni token:
Omni Network ( #OMNI ):
âȘïžPurpose and Function:
Omni Network is a layer 1 blockchain designed to address fragmentation within the #Ethereum ecosystem. While Ethereum scales through isolated execution environments known as rollups, Omni Network is a unifying layer connecting these disparate ecosystems.
âȘïžFeatures:
- Unifying Layer: Enables developers to create global applications with default access to Ethereum's liquidity and user base.
- Security and Performance: A network that is natively secure and externally validated.
- Global Compatibility: Ensures global compatibility by unifying different ecosystems.
Omni's Historical Price Levels:
- Omni token, like almost every token listed on Binance launchpad, reached high levels on its launch day and then adjusted according to market conditions. It reached its all-time high (ATH) on April 17, 2024, at $53.81 and saw its lowest level on June 18, 2024, at $12.88. At the time of writing, it is only 10% above its lowest level, indicating potential for an upward trend.
Market Value and Token Unlocking:
- Currently, its market value is approximately $147,270,000. The token unlocks are spread out until 2028, which is a positive aspect, as it prevents inflation issues with no massive monthly token releases.
- Token Distribution (According to CMC data):
- Investors: 36.69%
- Team: 40.41%
- Advisors: 5.94%
- Public Launch: 16.95%
Omni Network stands out with its promising features and strategic token distribution.
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Token2049
16.5M views
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The Fed meeting is today, ,
At the moment, the expectations are as follows:
â« ~64% - the rate will be reduced by 0.50%.
â« ~36% â the rate will be reduced by 0.25%.
Unexpectedly, the market expects a 0.50% decline, which is not fully priced in. Therefore, such a move by the Fed could trigger a short-term rise in the market. But 0.25%, given market expectations, could, on the contrary, lead to a short-term decline.
At the same time, former head of BitMEX Arthur Hayes said from the stage of Token2049 that the Fed will collapse the market by lowering the key interest rate.
What are your expectations?
The rate will be reduced by 0.25% âđ„
The rate will be reduced by 0.50% â đ
Pause / raise âđ±
#FOMC #BinanceLaunchpoolHMSTR #Token2049 #NeiroOnBinance #USRetailSalesRise
cryptoogeek
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