NGCE-Catyum
@NGCE
Following
Followers
Liked
Shared
See original
RIPPLE LABS STABLECOIN RLUSD
RLUSD is a stablecoin developed by Ripple Labs, the organization behind XRP. With the goal of creating a stable digital currency for use in transactions, the value of RLUSD (Ripple Labs USD) is pegged to the US dollar, ensuring a 1:1 exchange rate, meaning that 1 RLUSD is always worth 1 US dollar. To maintain this exchange rate, RLUSD is backed by collateral assets in the form of US dollar deposits or cash equivalents.
On December 10, 2024, RLUSD received regulatory approval, with the New York Department of Financial Services (NYDFS) approving the issuance of this stablecoin on the XRP Ledger network and the Ethereum blockchain. Then, on December 17, RLUSD officially launched and became available on five major cryptocurrency exchanges, Uphold, MoonPay, Archax, Bitso, and CoinMENA. RLUSD is expected to continue to expand its presence on larger exchanges such as Bullish, Bitstamp, and Mercado Bitcoin.
In addition, Ripple also plans to integrate RLUSD into the Ripple Payment Network by 2025, bringing efficient and cost-effective global payment solutions to businesses, especially in cross-border transactions.
The question is whether RLUSD will replace XRP? Ripple has affirmed that RLUSD is not a replacement for XRP. XRP remains the native token on Ripple's payment network, used to facilitate global financial transactions. Meanwhile, RLUSD is a stablecoin, primarily designed to serve the payment and transaction needs of institutions.
#xrp $XRP
#BtcNewHolder
RLUSD is a stablecoin developed by Ripple Labs, the organization behind XRP. With the goal of creating a stable digital currency for use in transactions, the value of RLUSD (Ripple Labs USD) is pegged to the US dollar, ensuring a 1:1 exchange rate, meaning that 1 RLUSD is always worth 1 US dollar. To maintain this exchange rate, RLUSD is backed by collateral assets in the form of US dollar deposits or cash equivalents.
On December 10, 2024, RLUSD received regulatory approval, with the New York Department of Financial Services (NYDFS) approving the issuance of this stablecoin on the XRP Ledger network and the Ethereum blockchain. Then, on December 17, RLUSD officially launched and became available on five major cryptocurrency exchanges, Uphold, MoonPay, Archax, Bitso, and CoinMENA. RLUSD is expected to continue to expand its presence on larger exchanges such as Bullish, Bitstamp, and Mercado Bitcoin.
In addition, Ripple also plans to integrate RLUSD into the Ripple Payment Network by 2025, bringing efficient and cost-effective global payment solutions to businesses, especially in cross-border transactions.
The question is whether RLUSD will replace XRP? Ripple has affirmed that RLUSD is not a replacement for XRP. XRP remains the native token on Ripple's payment network, used to facilitate global financial transactions. Meanwhile, RLUSD is a stablecoin, primarily designed to serve the payment and transaction needs of institutions.
#xrp $XRP
#BtcNewHolder
See original
VELODROME FINANCE (VELODROME)
Velodrome Finance is a decentralized exchange focused on Optimism. Taking the development idea and codebase from Solidly, a famous AMM with the ve(3,3) model on Fantom in early 2022, Velodrome claims to have solved Solidly's weaknesses and made better use of the ve(3,3) model.
Highlights of Velodrome Finance
The operating mechanism of Velodrome Finance is a combination of two previous DeFi models from two famous protocols in crypto:
Vote-Escrow Token model: Introduced by Curve Finance (veCRV), veToken is used to incentivize long-term holders, helping them receive more benefits than individual surfers.
Staking/Rebasing/Bonding model or game theory (3,3): Introduced by Olympus DAO.
VELODROME Token
Token Name: VELODROME
Ticker: VELODROME
Blockchain: Optimism
Token Contract: 0x3c8b650257cfb5f272f799f5e2b4e65093a11a05
Token Type: Utility
Initial Supply: 400,000,000 VELODROME
Total Supply: 841,884,80 VELODROME
Circulating Supply: 164,432,652 VELODROME
$VELODROME #Velodrome
Velodrome Finance is a decentralized exchange focused on Optimism. Taking the development idea and codebase from Solidly, a famous AMM with the ve(3,3) model on Fantom in early 2022, Velodrome claims to have solved Solidly's weaknesses and made better use of the ve(3,3) model.
Highlights of Velodrome Finance
The operating mechanism of Velodrome Finance is a combination of two previous DeFi models from two famous protocols in crypto:
Vote-Escrow Token model: Introduced by Curve Finance (veCRV), veToken is used to incentivize long-term holders, helping them receive more benefits than individual surfers.
Staking/Rebasing/Bonding model or game theory (3,3): Introduced by Olympus DAO.
VELODROME Token
Token Name: VELODROME
Ticker: VELODROME
Blockchain: Optimism
Token Contract: 0x3c8b650257cfb5f272f799f5e2b4e65093a11a05
Token Type: Utility
Initial Supply: 400,000,000 VELODROME
Total Supply: 841,884,80 VELODROME
Circulating Supply: 164,432,652 VELODROME
$VELODROME #Velodrome
See original
MAGIC EDEN (ME)
Magic Eden is a leading multi-chain NFT trading platform, featuring low fees, high speed, and multi-blockchain support. Integrated on the Solana network, Magic Eden offers a transaction fee of only 2%, quickly surpassing OpenSea in terms of users (1.4 million) and revenue ($58.3 million) in 2024.
With the ability to support multiple blockchains such as Ethereum, Polygon, and Bitcoin, Magic Eden offers a flexible and efficient NFT trading experience. That's why Magic Eden quickly became the leading NFT marketplace on Solana, sometimes surpassing Blur and OpenSea in trading volume.
Magic Eden's pros and cons
Pros
Low transaction fees: Magic Eden applies a 2% fee per transaction, lower than OpenSea (2.5%).
Fast transactions: Thanks to its integration with Solana, Magic Eden offers faster transaction speeds than Ethereum.
Continuous innovation: Providing advanced features such as “Launchpad drops” and “Games”.
Disadvantages
Limited number of NFT sets: Compared to OpenSea or Blur, the number of NFT sets on Magic Eden is much less.
Lack of staff
#MagicEden $ME
Magic Eden is a leading multi-chain NFT trading platform, featuring low fees, high speed, and multi-blockchain support. Integrated on the Solana network, Magic Eden offers a transaction fee of only 2%, quickly surpassing OpenSea in terms of users (1.4 million) and revenue ($58.3 million) in 2024.
With the ability to support multiple blockchains such as Ethereum, Polygon, and Bitcoin, Magic Eden offers a flexible and efficient NFT trading experience. That's why Magic Eden quickly became the leading NFT marketplace on Solana, sometimes surpassing Blur and OpenSea in trading volume.
Magic Eden's pros and cons
Pros
Low transaction fees: Magic Eden applies a 2% fee per transaction, lower than OpenSea (2.5%).
Fast transactions: Thanks to its integration with Solana, Magic Eden offers faster transaction speeds than Ethereum.
Continuous innovation: Providing advanced features such as “Launchpad drops” and “Games”.
Disadvantages
Limited number of NFT sets: Compared to OpenSea or Blur, the number of NFT sets on Magic Eden is much less.
Lack of staff
#MagicEden $ME
See original
THENA (THE) TOKEN
1. What is Thena (THE)?
Thena is a decentralized exchange and Liquidity Layer (liquidity provision protocol) of BNB Chain. Taking the idea of development from the codebase of Solidly, a famous AMM with the ve(3,3) model on Fantom in early 2022, the Thena team decided to bring them to the mature and stable ecosystem of BNB Chain to develop this model to a new level.
2. Highlights of Thena
The operating mechanism of Thena is a combination of two previous DeFi models belonging to two well-known exchanges in crypto:
Vote-Escrow Token model: Introduced by Curve Finance (veCRV), veToken is used to encourage long-term holders, helping them receive more benefits than individual surfers.
Staking/Rebasing/Bonding model or game theory (3,3): Introduced by Olympus DAO.
3. Thena (THE) Token
Token Name: Thena Token
Ticker: THE
Blockchain: BNB Chain
Token Contract: 0xF4C8E32EaDEC4BFe97E0F595AdD0f4450a863a11
Token Type: Utility
Total Supply: 72,485,515 THE
Max Supply: 315,000,000 THE
Circulating Supply: 10,894,948 THE
#the $THE
1. What is Thena (THE)?
Thena is a decentralized exchange and Liquidity Layer (liquidity provision protocol) of BNB Chain. Taking the idea of development from the codebase of Solidly, a famous AMM with the ve(3,3) model on Fantom in early 2022, the Thena team decided to bring them to the mature and stable ecosystem of BNB Chain to develop this model to a new level.
2. Highlights of Thena
The operating mechanism of Thena is a combination of two previous DeFi models belonging to two well-known exchanges in crypto:
Vote-Escrow Token model: Introduced by Curve Finance (veCRV), veToken is used to encourage long-term holders, helping them receive more benefits than individual surfers.
Staking/Rebasing/Bonding model or game theory (3,3): Introduced by Olympus DAO.
3. Thena (THE) Token
Token Name: Thena Token
Ticker: THE
Blockchain: BNB Chain
Token Contract: 0xF4C8E32EaDEC4BFe97E0F595AdD0f4450a863a11
Token Type: Utility
Total Supply: 72,485,515 THE
Max Supply: 315,000,000 THE
Circulating Supply: 10,894,948 THE
#the $THE
See original
WHAT IS USDT?
What is USDT? USDT stands for Tether USD, a stablecoin issued by Tether Limited. USDT is pegged to the US dollar at a 1:1 ratio, meaning that 1 USDT will always be worth 1 USD.
USDT is the most popular stablecoin today, with a market capitalization exceeding 60 billion USD. USDT is widely used in cryptocurrency transactions, as well as for payments and remittances.
USDT is issued as an ERC-20 token on Ethereum. This allows USDT to be used on many different blockchain platforms.
The mechanism of USDT is based on a reserve fund backed by real-world assets. Tether Limited claims that it holds 1 USD for every USDT issued.
However, the transparency of Tether Limited's USDT reserves has been questioned. In 2021, Tether Limited faced an investigation by the US Securities and Exchange Commission (SEC) into whether the company was providing misleading figures on its collateral.
Despite the controversy surrounding it, USDT remains the most popular stablecoin today and is widely used in decentralized finance transactions.
Some advantages of USDT
Stable value, pegged to the US dollar.
Widely used in cryptocurrency transactions.
Can be used on many different blockchain platforms.
Some disadvantages of USDT
Transparency of reserve funds is questioned.
Can be subject to price manipulation.
Can be used in illegal activities.$BTC #BtcNewHolder
What is USDT? USDT stands for Tether USD, a stablecoin issued by Tether Limited. USDT is pegged to the US dollar at a 1:1 ratio, meaning that 1 USDT will always be worth 1 USD.
USDT is the most popular stablecoin today, with a market capitalization exceeding 60 billion USD. USDT is widely used in cryptocurrency transactions, as well as for payments and remittances.
USDT is issued as an ERC-20 token on Ethereum. This allows USDT to be used on many different blockchain platforms.
The mechanism of USDT is based on a reserve fund backed by real-world assets. Tether Limited claims that it holds 1 USD for every USDT issued.
However, the transparency of Tether Limited's USDT reserves has been questioned. In 2021, Tether Limited faced an investigation by the US Securities and Exchange Commission (SEC) into whether the company was providing misleading figures on its collateral.
Despite the controversy surrounding it, USDT remains the most popular stablecoin today and is widely used in decentralized finance transactions.
Some advantages of USDT
Stable value, pegged to the US dollar.
Widely used in cryptocurrency transactions.
Can be used on many different blockchain platforms.
Some disadvantages of USDT
Transparency of reserve funds is questioned.
Can be subject to price manipulation.
Can be used in illegal activities.$BTC #BtcNewHolder
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Trending Topics
GMTBurnVote
13,738 views
144 Discussing
#GMTBurnVote The #GMTBurnVote is a pivotal initiative by GMT DAO, inviting GMT token holders to decide the fate of up to 600 million GMT tokens, valued at approximately $100 million. This community-driven event underscores GMT DAO's commitment to transparency and decentralized governance.
Key Details:
Voting Period: November 21, 2024, to January 20, 2025.
Participation Steps:
1. Log In: Access your Binance account.
2. Navigate: Go to the BURNGMT voting page.
3. Lock Tokens: Secure your GMT tokens to participate.
4. Vote: Cast your decision on the token burn.
5. Earn Rewards: Receive daily GMT rewards from a 100 million GMT pool during the voting period.
Potential Impact of the Burn:
Supply Reduction: Burning 600 million GMT would significantly decrease the total supply, potentially increasing the value of remaining tokens.
Enhanced Value: A reduced supply could boost market confidence and demand.
Community Empowerment: This initiative exemplifies GMT DAO's dedication to decentralization and community involvement.
How to Participate:
Visit: Access the official voting platform at burngmt.com.
Lock Tokens: Secure your GMT tokens until January 20, 2025, to cast your vote on the Polygon network.
Vote: Decide on the proposed token burn.
Rewards: Earn daily GMT rewards throughout the voting period.
By participating in the #GMTBurnVote, you play a crucial role in shaping the future of GMT, contributing to a more decentralized and community-focused ecosystem.
PRATIK_SHRESTHA102
0 Likes
665 views
BitwiseBitcoinETF
464,980 views
1,173 Discussing
CryptoRegulation2025
372,608 views
1,062 Discussing
